Swiss economy: a sustained growth trend for the most liquid monetary assets
Switzerland: M3 (Sept.): 2.3% y/y (prior: 2.5%)
- While time and savings deposits continued to fall, currency in circulation was up by 6.2% y/y and sight deposits by 6% y/y.
Poland: M3 (Sept.): 0.8% m/m vs 0.5% expected (prior: 0.6%)
- M3 growth has accelerated from 7.5% the prior month to 7.9% y/y. Credit to households and corporates was up by more than 5% y/y in both sectors.