Poland's M3 Money Supply Up - Central Bank
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In April, the National Bank of Poland showed data on money supply. The M3 money supply was worth PLN 2,147.5 billion. This is PLN 7.3 billion more than in March. The Bank said this was due to more deposits and liabilities for households.
To understand this fully, we need to explain some terms. Monetary aggregates mean how much money is out there. The ECB in Europe uses three types of monetary aggregates.
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M3 is a measure of money supply and shows how much domestic currency there is. It's important in the euro area. The European Central Bank looks at M3 and other money-related things regularly. They look at things that change M3, like cash or time deposits. This helps with their monetary policy.
In April 2023, the National Bank of Poland said the value of deposits and other liabilities in the M3 money supply increased by PLN 14.8 billion in households. This means it reached PLN 1,131.5 billion. For non-financial corporate sectors, it decreased by PLN 5.5 billion to PLN 461.8 billion.
Other financial institutions reduced their debt by PLN 4.2 billion to reach PLN 203.5 billion. Households also reduced their debt by PLN 1.0 billion, reaching PLN 780.6 billion. Non-financial corporations reduced their debt by PLN 0.9 billion to reach PLN 425.4 billion.
The Bank said Central government debt decreased by PLN 14.9 billion. The decrease is 4.1%. The total debt is now PLN 348.5 billion.
In March 2023, M3 money supply hit PLN 2 trillion 140.2 billion. This is a rise of 8.9 billion from the previous month.
Experts predict that Money Supply M3 in the Euro Area will reach EUR 16,294,454 million by the end of this quarter. This forecast is based on analysis from Trading Economics and their team of global macro models and analysts.
The source of this information is from NBP, tradingeconomics.com, and TVP World. The blog section has to be rewritten in free English. Use short sentences.
