Narodowy Bank Polski

Latest news

Money supply in November 2020

Publication date: 22-12-2020

In November 2020, the M3 money supply increased by PLN 8.1bn. The increase was mostly driven by the growth in currency in circulation.

According to data released by Narodowy Bank Polski on 22 December 2020, the M3 aggregate amounted to PLN 1,790.7bn at the end of November 2020, i.e. PLN 8.1bn more than at the end of October 2020.

In November 2020, the value of currency in circulation increased by PLN 5.5bn, i.e. 1.8%, and amounted to PLN 304.1bn. The value of household deposits and other claims of households included in the M3 aggregate increased by PLN 1.5bn, i.e. 0.2%, and amounted to PLN 953.5bn. The value of corporate deposits and other claims of corporates increased by PLN 1.7bn, i.e. 0.4%, to PLN 378.6bn, and of the local government deposits and other claims, by PLN 1.2bn, i.e. 2.2%, to PLN 53.6bn. On the other hand, the stock of deposits and other claims of other financial institutions decreased by PLN 1.1bn, i.e. 2.0%, to PLN 53.7bn.

Household debt declined by PLN 5.0bn, i.e. 0.6%, to PLN 786.0bn. The stock of banks’ claims on corporates decreased by PLN 1.3bn, i.e. 0.3%, to PLN 376.4bn, and the net debt of central government entities increased by PLN 3.0bn, i.e. 0.8%, to PLN 366.6bn.

See full money supply data

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