Poland's money supply M3's growth accelerates to 5.4% y/y in April

By bne IntelliNews May 15, 2014

Poland's money supply M3 increased by 0.6% m/m and grew by 5.4% in annual terms to PLN 985.80bn (EUR 235.6bn) at the end of April of 2014, according to the data of the National Bank of Poland (NBP).

A month earlier, the annual growth was 5.1%. Market consensus was the rise of 5.2% y/y.

Cash in circulation was up by 2.2% on the month and rose by 11.0% y/y to PLN 133.74bn (vs. growth of 10.3% y/y a month before).

As of March of 2002, broad money M3 became basic analytical and publication category of money supply in Poland.

The April M3 data have again confirmed that credit creation remains limited, while monetary pressures are still low.

Related Articles

Poland's GetBack plans to raise up to PLN500mn from IPO later this year

Polish debt collecting company GetBack plans to raise PLN400mn-500mn (€95mn-119mn) from its upcoming initial public offering (IPO), the company said in the offering’s prospectus released on June ... more

Slovak PM says no pledge made on EU migrant quotas

Slovakia has made not offered the European Commission a pledge to take part in the migrant quota scheme, Prime Minister Robert Fico suggested to parliament on June 15. The statement comes shortly ... more

Germany and Gazprom question need for EU talks on Nord Stream 2

A joint EU mandate to discuss the operating rules that would apply to Russia's planned Nord Stream 2 gas pipeline is not necessary, Angela Merkel said on June 15. Russian state-controlled ... more