Monetary Policy Transparency Report (May, 2026)

Table 1. Summary of Votes on the CBA Policy Rate by Individual Board Member
May 5, 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

Davit Nahapetyan

Keep unchanged

Hovhannes Khachatryan

 Keep unchanged

Armen Nurbekyan

 Keep unchanged