M3 money supply rises by 1.5% m/m to PLN 465.6bn in November.
M3 money supply rises by 1.5% m/m to PLN 465.6bn in November. Money supply in November was PLN 465,594.1mn compared with PLN 458,637.5mn (after revision) a month earlier, announced the National Bank of Poland (NBP) in a communiqué on Thursday. This means a rise of 1.5% m/m and by 12.9% from the end of 2005. Net foreign assets in November reached PLN 159,858.8mn, or EUR 41,885.0mn. In October, they amounted to PLN 168,320.2mn, i.e. EUR 43,302.2mn (after revision). Total deposits were PLN 385,281.4mn up 1.8% m/m, and 11.6% on the end of 2005, of which household deposits were PLN 214,780.2mn (0.2% m/m, +5.4% since December), whereas corporate ones – PLN 116,957.9mn (+2.8% m/m and +17.6% since December). Total credits amounted to PLN 361,632.4mn at the end of November, a rise of 2.4% on the month, and 21.5% since December, of which household credits were PLN 183,375.4mn (+2.5% m/m and +29.8% since December), whereas corporate ones – PLN 141,380.13mn (+1.3% m/m and +13.1% since December). ISB