Money supply growth continues to slow in February

Money supply growth continues to slow: Egypt’s pace of M2 money supply growth continued to slow in February, falling slightly to 11.55% y-o-y from 11.95% in January, data from the Central Bank of Egypt (CBE) shows. The M2 gauge stood at EGP 3.68 tn at the end of February, up from EGP 3.64 tn a month earlier. M2 growth has consistently slowed over the past year, having fallen from 21.36% growth in April. M2 measures liquid assets such as cash, savings deposits and money market securities.