Money stock inches up in October

Money supply M3 remained grew by 0.7 percent month-on-month in October and stood at PLN 1.03 trillion, according to data published by the National Bank of Poland on Friday. The volume of corporate deposits grew last month, by PLN 0.6 billion to a total of almost PLN 210 billion, while their debt declined by PLN 1.8 billion to PLN 299.3 billion. Households deposits rose by PLN 4.7 billion to PLN 572 billion. Meanwhile, their indebtedness also increased, by PLN 1.9 billion to PLN 592.1 billion. Non-monetary financial institutions recorded debt growth of PLN 2.2 billion to a total of PLN 48.8 billion.