Narodowy Bank Polski

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Money supply in November 2017

Publication date: 22-12-2017

November 2017 saw a rise in M3 money supply by PLN 8.1 billion. The highest growth was recorded in deposits and other liabilities of banks towards non-financial enterprises and households.

According to preliminary data on money supply released by Narodowy Bank Polski on 22 December 2017, in November the M3 aggregate, which reflects the total money supply, amounted to PLN 1.3 billion at the end of the month and was PLN 8.1 billion higher than at the end of October 2017.

In November 2017 the value of deposits and other liabilities of banks towards the corporate sector, which are included in the M3 money supply, rose by PLN 3.2 billion (i.e. 1.2%) to the level of PLN 264.9 billion. Deposits and other liabilities towards the household sector increased by PLN 4.9 billion (i.e. 0.7%) to the level of PLN 722.0 billion. Deposits and other liabilities towards the local government sector also increased – by PLN 0.2 billion (i.e. 0.4%) to the level of PLN 36.6 billion. The value of cash in circulation (excluding vault cash) decreased by PLN 3.6 million to PLN 180.9 billion.

The value of household debt fell by PLN 0.4 billion (i.e. 0.1%) to PLN 676.5 billion. Claims on the corporate sector rose by PLN 0.5 billion (i.e. 0.1%) to PLN 363.8 billion, while the net debt of central government institutions increased by PLN 12.6 billion (i.e. 5.5%) to PLN 241.7 billion.

See full money supply data

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