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Poland’s broad money supply growth moderated in April 2026, with the M3 aggregate expanding 11.3% year-over-year, down marginally from 11.5% in March 2026. The latest figures, updated on 25 May 2026, confirm that monetary expansion remains robust, even as the pace of growth shows a slight deceleration.
Both the current and previous readings are based on year-over-year comparisons, measuring April 2026 against April 2025 and March 2026 against March 2025, respectively. The modest slowdown in M3 growth suggests that while liquidity in the Polish financial system is still increasing at a strong rate, the tempo of that expansion may be stabilizing after earlier acceleration. Investors and policymakers will be watching subsequent releases closely for clearer signs of whether this easing becomes a trend or proves temporary.
