Huge increase in money suppy in May

The value of companies' deposits increased by 1.8 percent m/m (PLN 3.8 billion) to a total of PLN 213.7 billion in May and the value of households' deposits stood at PLN 605.4 billion, 0.4 percent (PLN 2.1 billion) higher than in April, the National Bank of Poland said. At the same time, the outstanding debt of households, companies and the government institutions increased by PLN 14.2 billion (or 1.4 percent), the central bank informed. A large part of the sum was due to the currency fluctuations.