Poland's money supply M3 increased by 2.5% m/m and grew by 6.1% in annual terms to PLN 977.29bn ( EUR 235.21bn ) at the end of December of 2013, according to the data of the National Bank of Poland (NBP). A month earlier, the annual growth was 5.7%. Market consensus was the rise of 5.7-5.8% y/y. Cash in circulation was up by 0.6% on the month and rose by 11.7% y/y to PLN 114.43bn. As of March of 2002, broad money M3 became basic analytical and publication category of money supply in Poland . NBP commented that a sharp rise in the M3 aggregate is typical of the month of December. The total amount of household and corporate deposits increased considerably. The drop in the amount of loans granted to these entities was also of a seasonal nature.
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