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December's money supply goes up 1.1% m/m

2001-01-16 00:00
publikacja
2001-01-16 00:00

December's money supply goes up 1.1% m/m

December's money supply (broad money) rose 1.1%, or PLN 3.2bn (USD 778.3mn), to PLN 294.3bn (USD 71.78bn), after a 1.2% rise in November, according to the preliminary data published by the National Bank of Poland (NBP). In 2000 Poland's broad money rose 11.7%, or PLN 30.9bn (USD 7.5bn), against 19.5% in 1999. The increase, however, was lower than the PLN 38.8bn-47.9bn (USD 9.46bn-11.68bn) assumed by the Monetary Policy Council for 2000. Lending went down 1% to PLN 206.3bn (USD 50.31bn) in December, but rose 17.3% in 2000. Zloty deposits increased by 2.1% in December, and went up 17% in 2000. Due to higher interest rates, deposits were increasing faster, while credit growth decelerated. In January 2000 consumer deposits rose 14% y/y, while at the end of the year, they grew by 24%. At the same time, consumer credit growth slowed down from 52.8% y/y in January 2000 to 32% y/y in December.

Źródło:IntelliNews Daily
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