Pakistan, June 16 -- The State Bank of Pakistan's Monetary Policy Committee (MPC) on Monday left its benchmark policy rate unchanged at 11.5%, noting a recent decline in global oil prices following a US-Iran deal.

"The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11.5% in its meeting," the central bank said in a statement.

During the meeting, the MPC noted that global oil prices had eased after the recent US-Iran deal, although they remained higher than pre-conflict levels.

It added that the impact of the Middle East conflict was now visible in economic indicators, with headline inflation rising into double digits in April and May, while core inflation also edged higher.

"Moreover, economic activity is ...