Narodowy Bank Polski

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Money supply in February 2017

Publication date: 14-03-2017

In February 2017, M3 money supply increased by PLN 4.4bn. This increase was driven by growth in deposits and other bank liabilities towards households and local government institutions.

Preliminary data released by Narodowy Bank Polski on 14 March show that in February 2017 the M3 aggregate, which reflects the total money supply, amounted to PLN 1.3bn at the end of the month and was PLN 4.4bn higher than at the end of January 2017.

In February 2017, the value of deposits and other bank liabilities towards households increased by PLN 6.3bn or 0.9%, and amounted to PLN 711.4bn. The increase in deposits and other liabilities of the local government sector was equal to PLN 4.7bn or 14.6%, bringing the overall value to PLN 36.9bn. The value of cash in circulation (excluding vault cash) increased by PLN 1.1bn or 0.7%, to PLN 172.4bn. In turn, the value of deposits and other bank liabilities towards the corporate sector decreased – by PLN 5.3bn or 2.1%, to the level of PLN 250.4bn.

The debt of households grew by PLN 1.8bn or 0.3%, to PLN 665.7bn. The claims on the corporate sector increased by PLN 2.2bn or 0.7%, to PLN 343.7bn, and the net debt of central government institutions rose by PLN 0.7bn or 0.3%, amounting to PLN 227.6bn.

See full money supply data

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