3 central banks stand pat on rates; China increases Three central banks left interest rates unchanged Thursday, while the People's Bank of China made a 10-basis-point increase in the aftermath of a rate hike from the U.S. Federal Reserve on Wednesday. The Bank of England's monetary policy committee held the bank's key rate at 0.25%, while Norway's Norges Bank's executive board kept its rate at 0.5%. Bank of Japan also stood firm on rates. (Pensions & Investments)
Its because trading ties with US are very strong and borrowing costs can simply harm Chinese export&import from US.
In their bid to become second reserve currency China's insistence to hold Yuan stable has already hurt Chinese manufacturing.