Poland's money supply M3's growth decelerates to 5.7% y/y in November

By bne IntelliNews December 16, 2013

Poland's money supply M3 decreased by 0.2% m/m and grew by 5.7% in annual terms to PLN 955.80bn (EUR 227.21bn) at the end of November of 2013, according to the data of the National Bank of Poland (NBP).
A month earlier, the annual growth was 5.9%. Market consensus was the rise of 6.2-6.4% y/y.
Cash in circulation was up by 0.5% on the month and rose by 11.8% y/y to PLN 113.72bn.
As of March of 2002, broad money M3 became basic analytical and publication category of money supply in Poland.

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