Narodowy Bank Polski

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Money supply in June 2015

Publication date: 14-07-2015

NBP data: June saw another sharp rise in the M3 money supply. Corporate deposits grew significantly, as did household deposits, although to a lesser extent.

According to preliminary data on money supply released by Narodowy Bank Polski on 14 July 2015, the stock of money increased considerably in June. At the end of the month, the M3 aggregate amounted to PLN 1,078.9 billion. This represented an increase of PLN 12.2 billion (i.e. 1.1%) on the end-of-May figure.

According to preliminary data, the rise in M3 money supply was mainly caused by an increase in corporate and household deposits. The largest increase in money supply was recorded in corporate deposits, whose value increased by PLN 10.1 billion (i.e. 4.7%) to PLN 224.1 billion. The value of household deposits also increased. At the end of June 2015 they amounted to PLN 609.1 billion, having risen by PLN 3.9 billion (i.e. 0.6%) on the end of the previous month.

As regards the counterparts to money supply, in June there was an increase in total receivables – by PLN 13.1 billion (i.e. 1.3%). Banks’ claims on corporates in June rose by PLN 6.4 billion (i.e. 2.1%) to PLN 313.5 billion, while claims on households rose by PLN 5.2 billion (i.e. 0.8%) to PLN 624.5 billion.

June saw another monthly increase in the debt of central government institutions – by PLN 8.3 billion (i.e. 5.5%) to PLN 158.9 billion.

See full money supply data, June 2015

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