Package of documents related to the decision on the Policy rate

Table 1. Summary of Votes on the CBA Refinancing Rate by Individual Board Member
March 17, 2026 Decision

Board Member

Vote

Armen Ktoyan

Keep unchanged

Narek Ghazaryan

Increase by 25 bps

Levon Sahakyan

Keep unchanged

Artak Manukyan

Increase by 25 bps

Hovhannes Khachatryan

Keep unchanged

Armen Nurbekyan

Keep unchanged

Martin Galstyan

Keep unchanged