FX.co ★ Poland’s M3 Growth Holds Steady at 11.3% in August, Extending Robust Monetary Expansion

Poland’s broad money supply (M3) maintained its strong pace of expansion in August 2026, with year-over-year growth unchanged at 11.3%, according to data updated on 22 September 2026. The reading mirrors July 2026’s annual increase of 11.3%, indicating that the pace of monetary expansion has stabilized at a relatively elevated level.

The M3 figure reflects the change in August 2026 compared with August 2025, while the previous reading measured July 2026 against July 2025. The unchanged rate suggests that the underlying momentum in Poland’s money supply has neither accelerated nor slowed on a year-over-year basis between July and August, providing a consistent backdrop for assessing liquidity conditions and potential implications for credit growth and inflation in the Polish economy.