Narodowy Bank Polski

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Money supply in February 2018

Publication date: 22-03-2018

February 2018 saw a rise in M3 money supply by PLN 5.8 billion. The rise was caused by an increase in deposits and other liabilities of banks towards the household sector and local government institutions.

According to the data on money supply released by Narodowy Bank Polski on 22 March 2018, in February 2018 the M3 aggregate, which reflects the total money supply, amounted to PLN 1.3 billion at the end of the month and was PLN 5.8 billion higher than at the end of January 2018.

In February 2018 the value of deposits and other liabilities of banks towards the household sector, which are included in the M3 money supply, rose by PLN 8.2 billion (i.e. 1.1%) to the level of PLN 740.3 billion. Local government deposits and other liabilities increased by PLN 4.7 billion (i.e. 14.4%) to the level of PLN 37.4 billion. The value of cash in circulation (excluding vault cash) increased by PLN 1.2 billion (i.e. 0.7%) to PLN 182.3 billion. Deposits and other liabilities of banks towards the corporate sector decreased – by PLN 6.8 billion (i.e. 2.6%) to the level of PLN 259.8 billion.

The value of household debt rose by PLN 4.5 billion (i.e. 0.7%) to PLN 683.7 billion. Claims on the corporate sector rose by PLN 3.3 billion (i.e. 0.9%) to PLN 367.1 billion, while the net debt of central government institutions increased by PLN 0.6 billion (i.e. 0.3%) to PLN 238.1 billion.

See full money supply data

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