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.
Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more
Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more
Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more