China's central bank on Wednesday said it injected a total of 290.57 billion yuan ($44.1 billion) through short- and medium-term liquidity facilities in May to help support credit growth and the slowing economy. That amount of liquidity injections was down from 715.76 billion yuan in April. The People's Bank of China extended 290 billion yuan to financial institutions in May via its medium-term lending facility (MLF), it said in a statement on its website.
The central bank also injected 570 million yuan via its standing lending facility (SLF) in May. Outstanding MLF was 1.638 trillion yuan at the end of May, the bank said, compared with 1.495 trillion yuan at the end of April. Outstanding SLF stood at 400 million yuan at the end of May, compared with 410 million yuan at the end April.
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