The Monetary Board has decided to maintain the leading interest rate at 3.50% as the first half of the year concludes. This decision was heavily influenced by a recent de-escalation in tensions between the United States and Iran. The Board assessed the global landscape and determined that holding the rate steady was the appropriate course of action. The easing of geopolitical risks played a significant role in their assessment of economic stability. No immediate changes to monetary policy are anticipated, given the current international climate. This maintains the existing financial conditions and provides a degree of economic predictability. The Board will continue to monitor global developments and adjust policy as needed.