Money supply M3 rose 6.5% y/y in March

The money supply (M3) was 2,140.22 billion PLN at the end of March 2023, which indicates an increase of 0.4% m/m and an increase of 6.5% y/y, according to the National Bank of Poland (NBP). The market consensus predicted a 7.1% y/y increase in the M3 aggregate in March.

However, net foreign assets fell by 2.3% m/m to 682.92 billion PLN (an increase of 29.8% y/y), and the value of cash in circulation (excluding bank cash) increased by 0.5% m/m to 349.93 billion PLN (a decrease of 6% y/y).

Source: inwestycje.pl