Egypt’s money supply growth slows down in August

Money supply growth slows in August: M2 money supply grew at 11.78% y-o-y in August, compared to 12.1% in July, central bank data showed yesterday. The M2 gauge stood at EGP 3.93 tn at the end of the month, up only marginally from EGP 3.88 tn at the end of the month prior. M2 measures liquid assets such as cash, savings deposits and money market securities.