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Money supply in December 2012
Date: 14-01-2013
NBP data: December 2012 saw an increase in household and corporate savings. At the same time, household and corporate debt narrowed in nominal terms.
According to the December money supply release, posted by the National Bank of Poland on 14 January 2013, as compared with the previous month's figure, the M3 monetary aggregate increased by 2.2% in nominal terms to reach PLN 921.8 billion.
December 2012 was marked by the expansion of both household and corporate deposits. While household deposits grew by 1.9% m/m in nominal terms to reach PLN 514.8 billion, corporate deposits went up by 4.4% in nominal terms to stand at PLN 187.9 billion.
In December, bank debt of households declined in nominal terms by 0.3%, down to PLN 538.3 billion. As regards corporate lending, its nominal growth stood at 1.4% (PLN 270.5 billion). The annual corporate credit growth reached 3.5%.
As compared with the end of November 2012, there was a 29.8% growth in government debt with banks. Yet, in year-on-year terms, the government sector 's debt went down by PLN 13.2 billion to stand at PLN 108.4 billion at the end of December 2012.
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