Package of documents related to the decision on the Policy rate

Table 1. Summary of Votes on the CBA Policy Rate by Individual Board Member
September 15, 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

Keep unchanged

Hovhannes Khachatryan

Increase by 25 bps

Armen Nurbekyan

Keep unchanged

Martin Galstyan

Increase by 25 bps