Money supply growth slows in March

Money supply growth slows again: The pace of M2 money supply growth continued to slow in March, falling slightly to 11.38% y-o-y from 11.55% in February, Reuters reported. The M2 gauge stood at EGP 3.72 tn at the end of March, up from EGP 3.67 tn a month earlier. M2 growth has consistently slowed over the past year, having fallen from 21.36% growth in April 2018. M2 measures liquid assets such as cash, savings deposits and money market securities.