Money stock grows by 2.5 percent in December

The volume of money supply (M3) grew by 2.5 percent month-on-month in December and stood at PLN 977.3 billion, according to preliminary data on money stock published by the National Bank of Poland on Tuesday. The volume of cash in circulation grew by 0.6 percent m/m and stood at PLN 114.4 billion. The amount of bank deposits held by households grew by 1.9 percent m/m to PLN 543.5 billion. Household loans grew by PLN 1 billion to PLN 562.2 billion. Corporate deposit grew by 6.7 percent m/m to PLN 206.3 billion. At the same time, corporate debt increased by PLN 1.3 billion to PLN 275.4 billion.