Narodowy Bank Polski

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Money supply in August 2019

Publication date: 23-09-2019

In August 2019, the M3 money supply rose by PLN 9.6bn. The rise was mostly driven by an increase in deposits and in other household claims on banks.

According to data released by Narodowy Bank Polski on 23 September 2019, the M3 aggregate, reflecting the total supply of money, stood at PLN 1,500.5bn at the end of August 2019, i.e. PLN 9.6bn more than at the end of July 2019.

In August 2019, the stock of household deposits and other household claims on banks which are included in the M3 aggregate increased by PLN 8.2bn, i.e. 1.0%, to PLN 852.5bn. Deposits and other claims of other financial institutions on banks decreased by PLN 0.8bn, i.e. 1.5%, and reached PLN 53.0bn, and of local government institutions on banks, by PLN 0.3bn, i.e. 0.7%, to PLN 38.6bn. Corporate deposits and other claims of corporates on banks increased by PLN 1.0bn, or 0.3%, to PLN 286.2bn.

Household debt rose by PLN 7.4bn, or 1.0%, to PLN 761.2bn. The stock of banks' claims on corporates rose by PLN 5.5bn, to PLN 393.8bn, while the net debt of central government entities fell by PLN 0.8bn, i.e. 0.3%, to reach PLN 261.6bn.

See full money supply data

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