Money supply in November 2025

In November 2025, the M3 money supply increased by PLN 21.8bn. The increase was mainly driven by a rise in deposits and other claims of households and non-financial corporations.

Data released by Narodowy Bank Polski on 22 December 2025 show that at the end of November 2025 the M3 aggregate amounted to PLN 2,692.8 billion, i.e. PLN 21.8bn more than at the end of October 2025.

In November 2025, the value of deposits and other claims of the household sector included in the M3 aggregate increased by PLN 8.5bn, i.e. 0.6%, to PLN 1,410.6bn, and of the sector of non-financial corporations – by PLN 4.2bn, i.e. 0.8%, to PLN 567.1bn.

The net debt of central government entities increased by PLN 14.5bn, i.e. 2.5%, to PLN 583.7bn, the debt of other financial institutions – by PLN 10.2bn, i.e. 5.2%, to PLN 207.4bn, the non-financial corporate debt – by PLN 10.2bn, i.e. 2.2%, to PLN 469.3bn, and the household sector debt – by PLN 3.5bn, i.e. 0.4%, to PLN 828.3bn.