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Money supply goes 1% up in Dec 1-20

2001-01-05 00:00
publikacja
2001-01-05 00:00

Money supply goes 1% up in Dec 1-20

In the Dec 1-20 period, money supply (broad money) rose 1%, or PLN 2.89bn (USD 710mn) to PLN 293.73bn (USD 71.29bn), the National Bank of Poland (NBP) said. From the beginning of the year 2000 to Dec 20, the broad money went up 11.5%. According to the preliminary NBP data, growth of credits to individuals accelerated again in December as traditional before-Christmas buying spree begun, after having slowed down in November. Lending in general rose 0.2%, and to individuals by 1.8%. Zloty deposits were up 0.6%, including deposits of individual persons that rose 0.8%, while foreign currency deposits fell 0.6%. It is expected that lending would slow again in January and would continue going down as long as interest rates remain high.

Źródło:IntelliNews Daily
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