Narodowy Bank Polski

Latest news

Money Supply in February 2013

Publication date: 14-03-2013

NBP data: In February, the M3 money supply expanded by 0.8% in nominal terms. Both household and corporate bank debt remained largely unchanged.

On 14 March 2013, the National Bank of Poland released data on the February money supply. They show a rise of PLN 7.4bn, or 0.8%, in the M3 aggregate in comparison with the end-of -January figure.

Corporate deposits increased by a mere 0.5.%, or PLN 0.9bn in that period. This follows a decrease of PLN 11.5bn (i.e. 6.1%) in January, which, however, is typical of the month for accounting reasons and due to disbursement of annual bonuses. Household deposits increased by nearly PLN 6.8bn (or 1.3%), i.e. slightly more than a month ago (in January household deposits grew by PLN 6.1bn). As at the end of February, total household deposits at banks were in excess of PLN 527.7bn.

In the analysed period there was only a marginal increase – of 0.2% or PLN 1.0bn – in household debt, which reached PLN 540bn. Corporate debt remained unchanged and stood at PLN 270.8bn at the end of the month.

In contrast, government sector debt owed to banks rose substantially in February – by PLN 21.6bn, or 22.7%.

See full money supply data, February 2013.

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

Exchange rates

Table of 2023-02-01
1 EUR4.7080
1 USD4.3254
1 CHF4.7222
1 GBP5.3279
100 JPY3.3307

Economic outlook

Monthly data

Quarterly data

Financial markets



Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept