M3 money supply rises 1.3% m/m to PLN 458.79bn at end-October.

M3 money supply rises 1.3% m/m to PLN 458.79bn at end-October. Money supply was PLN 458.79mn at end-October compared with PLN 453,102.4mn (after revision) a month earlier, announced the National Bank of Poland ( NBP ) in a communiqué on Tuesday. This means a rise of 1.3% m/m and 11.2% from the end of 2005. Net foreign assets in October reached PLN 168,048.8mn, or EUR 43,232.4mn. In September, they amounted to PLN 171,445.8mn, i.e. EUR 43,039.0 (after revision). Total deposits were PLN 378,527.8mn up 1.2% m/m, and 9.6% on the end of 2005, of which household deposits were PLN 214,274.7mn (-0.1% m/m, +5.3% since December), whereas corporate ones – PLN 113,830.7mn (+2.6% m/m and +14.6% since December. Total credits amounted to PLN 353,040.3mn at the end of October, a rise of 2.0% on the month, and 18.6% since December, of which household credits were PLN 178,850.7mn (+2.1% m/m and +26.6% since December), whereas corporate ones – PLN 139,663.7mn (+1.2% m/m and +11.7% since December). ISB