The Central Bank of Poland published monetary statistics showing that the M3 money supply fell by PLN 10.9bn in January 2025 to PLN 2,469.1bn, with the decline mainly driven by lower deposits and other claims of non-financial corporations and social security funds. Deposits and other claims of non-financial corporations declined by PLN 12.9bn (2.5%) to PLN 510.9bn, while those of social security funds fell by PLN 7.8bn (41.4%) to PLN 11.0bn. Household deposits and other claims increased by PLN 4.0bn (0.3%) to PLN 1,329.9bn, and local government deposits and other claims rose by PLN 6.0bn (6.9%) to PLN 93.1bn. On the credit side, non-financial corporate debt increased by PLN 0.8bn (0.2%) to PLN 421.6bn, debt of other financial institutions decreased by PLN 3.6bn (1.6%) to PLN 224.2bn, and net debt of central government entities declined by PLN 19.4bn (4.2%) to PLN 438.9bn.
Central Bank of Poland 2025-02-24
Central Bank of Poland reports PLN 10.9bn fall in M3 money supply in January 2025
The Central Bank of Poland reported a decrease in the M3 money supply by PLN 10.9bn in January 2025, totaling PLN 2,469.1bn, primarily due to reduced deposits and claims from non-financial corporations and social security funds. Non-financial corporate deposits fell by PLN 12.9bn, while social security funds saw a decline of PLN 7.8bn. Conversely, household and local government deposits increased by PLN 4.0bn and PLN 6.0bn, respectively.