October's M3 money supply up - central bank

Paweł Supernak/PAP

Poland’s M3 money supply grew in October 2020 by 17.0 percent year on year and by 1.2 percent month on month to PLN 1.78 trillion (EUR 398 billion), the National Bank of Poland (NBP) announced on Tuesday.

Household deposits fell by 0.8 percent m/m to PLN 951.96 billion (EUR 212.9 billion).

Corporate deposits rose by 1.0 percent m/m to PLN 376.94 billion (EUR 84.3 billion).

Loans in the household sector edged up by 0.6 percent to PLN 791 billion (EUR 176.9 billion) while loans in the corporate sector rose by 0.4 percent m/m to PLN 377.69 billion (EUR 84.5 billion).

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