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Money supply in December 2019
Publication date: 24-01-2020
In December 2019, the M3 money supply rose by PLN 23.1bn. The rise was mostly driven by an increase in deposits and in other claims of households and non-financial entities on banks.
According to data released by Narodowy Bank Polski on 24 January 2020, the M3 aggregate, reflecting the total supply of money, stood at PLN 1,565.6bn at the end of December 2019, i.e. PLN 23.1bn more than at the end of November 2019.
In December 2019, the stock of household deposits and other household claims on banks which are included in the M3 aggregate increased by PLN 10.3bn, i.e. 1.2%, to PLN 881.4bn. Deposits and other claims on other financial institutions decreased by PLN 0.5bn, i.e. 1.0%, and reached PLN 52.3bn. Deposits and other claims of corporates on banks increased by PLN 13.3bn, i.e. 4.4%, to PLN 316.2bn, and those of local government institutions decreased by PLN 1.8bn, i.e. 4.5%, to PLN 37.2bn.
Household debt rose by PLN 0.1bn to PLN 766.5bn. The stock of banks' claims on corporates fell by PLN 6.9bn, to PLN 388.3bn, while the net debt of central government entities rose by PLN 19.5bn, i.e. 6.7%, to reach PLN 310.2bn.
See full money supply data
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National Bank of Poland published this content on 24 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2020 15:39:07 UTC
