The M3 money supply in Poland saw a significant increase of PLN 10.7 billion in August 2024, as reported by the National Bank of Poland (NBP). This growth was mainly fueled by higher deposits and liabilities from both household and non-financial corporate sectors.
Rise in Deposits
By the end of August, the M3 money supply, which encompasses deposits from households and non-financial corporations, reached PLN 2.3637 trillion. Household deposits rose by PLN 4.1 billion to a total of PLN 1.2685 trillion, while non-financial corporate deposits increased by PLN 2.8 billion, reaching PLN 491.3 billion.
Furthermore, non-financial corporate debt grew by PLN 4.0 billion, totaling PLN 415.5 billion, while household debt saw an increase of PLN 3.7 billion, amounting to PLN 795.2 billion. On the other hand, central government institutions experienced a decrease in net debt, dropping by PLN 2.9 billion to reach a total of PLN 400.1 billion.