European Economic News

Poland August M3 Money Supply Rises Less Than Expected

Poland's broad money supply increased less than economists expected in August, data released by the National Bank of Poland showed Friday.

The M3, or broad money supply, increased 0.7 percent on a monthly basis in August, slower than the 0.9 percent gain economists had forecast.

Among components of the M3, currency in circulation remained unchanged during the month, while deposits and other liabilities rose 0.5 percent.

Poland's net foreign assets increased 1.8 percent sequentially in August, while domestic assets advanced 0.5 percent.

On an year-on-year basis, the broad money supply rose 9.5 percent in August, data showed.

by RTTNews Staff Writer

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