Money supply in August 2017
Publication date: 22-09-2017
In August 2017, the M3 money supply rose by PLN 5.6 bn. The rise in the broad money supply was chiefly caused by an increase in enterprises’ and households’ claims on banks.
Data released by NBP on 22 September 2017 indicate that the M3 aggregate, reflecting the total supply of money, stood at PLN 1.3bn at the end of August, a PLN 5.6bn increase on the end of July figure.
In August 2017 cash holdings outside banks grew by PLN 0.9bn, i.e. by 0.5%, to PLN 178.9bn. Deposits and other claims of households on banks increased by PLN 2.1bn, i.e. 0.3%, to PLN 713.7bn. Corporate deposits and other claims of enterprises on banks increased by PLN 2.8bn, i.e. by 1.1%, to reach PLN 250bn. Deposits and other claims of social insurance funds on banks grew as well, by PLN 1.5bn, i.e. 40.3%, to PLN 5.4bn.
On the counterparts to money growth side, the largest growth was observed in the net debt of central government institutions – a change of PLN 3.8bn, i.e. of 1.8%, to PLN 221.8bn. Corporate debt rose by PLN 3.5bn, i.e. by 1%, to stand at PLN 358.7bn, while household debt increased by PLN 1.3bn, i.e. by 0.2%, to reach PLN 673.1bn.
See full money supply data