Narodowy Bank Polski

Latest news

Money Supply in August 2014

Publication date: 12-09-2014

NBP Data: Money supply M3 in August increased by over PLN 18bn to the level of PLN 1.02bn. The largest growth in deposits was noted by non-monetary financial institutions. Corporate de-posits also rose significantly, as did – to a lesser degree – household deposits. There was a marked increase in lending to businesses. The growth of household debt was in large part the result of the weakening of the zloty.

Preliminary data on money supply, posted by NBP on 12 September, show that in August in month-on-month terms, money stock increased. The M3 aggregate, which reflects the total money supply, amounted to PLN 1.02bn at the end of the month, an increase of PLN 18bn on the figure seen at the end of July.

One of the largest increases in deposits in recent years was noted among non-monetary financial institutions. The value of their deposits increased in August 2014 by PLN 7.8bn to reach PLN 56.5bn. The value of corporate deposits rose by almost PLN 5.5bn and reached PLN 205.4bn. Savings in the household sector also rose – by PLN 2.2bn to reach the level of PLN 566.1bn.

The debts of households increased by PLN 5.6bn to reach the level of PLN 587.1bn. However, most of this increase was due to the weakening of the zloty. In real terms, household credit grew by ap-proximately PLN 2.4bn. However, the level of corporate debt increased significantly by almost PLN 5.4bn to reach the level of PLN 297.1bn. A slightly smaller increase in debt was also observed among non-monetary financial institutions, whose liabilities rose by PLN 2.2bn, reaching almost PLN 47.7bn.

See full money supply date in August 2014.

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 2023-02-03
1 EUR4.6920
1 USD4.2928
1 CHF4.7023
1 GBP5.2571
100 JPY3.3391

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