Money supply growth continues slowing in April

Money supply growth continues slowing in April: The pace of M2 money supply growth continued to slow in April, falling slightly to 11.33% y-o-y from 11.39% in March, Reuters reported. The M2 gauge stood at EGP 3.76 tn at the end of April, up from EGP 3.72 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.