Monetary Policy Transparency Report (November, 2026)

03.11.2026

Table 1. Summary of Votes on the CBA Policy Rate by Individual Board Member
November 3, 2026 Decision

Board Member

Vote

Armen Ktoyan

Keep unchanged

Narek Ghazaryan

Increase by 25 bps

Levon Sahakyan 

Increase by 25 bps

Artak Manukyan 

Increase by 25 bps

Davit Nahapetyan

Increase by 25 bps

Hovhannes Khachatryan

 Increase by 25 bps

Armen Nurbekyan

 Keep unchanged

Martin Galstyan

 Increase by 25 bps

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