July's M3 money supply up - central bank

Poland’s M3 money supply grew in July 2020 by 16.8 percent year on year and fell by 0.3 percent month on month to PLN 1.74 trillion (EUR 396 billion), the National Bank of Poland (NBP) announced on Monday.

Household deposits fell by 0.1 percent m/m to PLN 942.0 billion (EUR 214 billion).

Corporate deposits decreased by 0.1 percent m/m to PLN 363.7 billion (EUR 82.7 billion).

Loans in the household sector edged down by 0.1 percent to PLN 779.1 billion (EUR 177.1 billion) while loans in the corporate sector fell by 2.0 percent m/m to PLN 377.4 billion (EUR 85.8 billion).