China's money rates mixed after 7-day repo spikes and SLO
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SHANGHAI, Jan 19 (Reuters) - China's primary money market rates were mixed on Tuesday after the seven-day repurchase agreement rate spiked briefly and the central bank injected 55 billion yuan ($8.36 billion) into banks through its short-term liquidity operations (SLO) tool on Monday. The seven-day repo was quoted as high as 3.9 percent on Monday, more than 100 basis points (bps) above Friday's close of 2.6 percent, although the volume-weighted average figure was steady at 2.33 percent.
