The National Bank of Poland (NBP) reported that in August 2024, the M3 money supply rose by PLN 10.7 billion. This increase was primarily driven by a rise in household and non-financial corporate deposits and liabilities.
Household and Corporate Sectors
The M3 money supply, which includes household and corporate deposits, reached PLN 2.3637 trillion at the end of August, reflecting a PLN 10.7 billion increase compared to the end of July. Deposits in the household sector grew by PLN 4.1 billion (0.3%), totaling PLN 1.2685 trillion, while deposits in the non-financial corporate sector increased by PLN 2.8 billion (0.6%) to PLN 491.3 billion.
Non-financial corporate debt rose by PLN 4.0 billion (1.0%) in August, reaching PLN 415.5 billion. Household debt also increased by PLN 3.7 billion (0.5%), amounting to PLN 795.2 billion.
The net debt of central government institutions saw a reduction, dropping by PLN 2.9 billion (0.7%), bringing the total to PLN 400.1 billion.