Pakistan Central Bank Holds Benchmark Rate at 11.5%

The hold itself is unremarkable, but its relevance to crypto and RWA markets lies in the broader liquidity backdrop: a stable policy rate in a high-inflation emerging market keeps local capital searching for yield alternatives, which is where digital-asset and tokenized products tend to compete. The absence of any corridor adjustment signals the central bank is comfortable with current conditions rather than signaling a pivot. Whether that stance shifts at the next policy meeting is the open question worth tracking.