Overview

• Decree 617/2025 restored deferred fuel levies from September 1 with a second adjustment in October, lifting per‑liter taxes by $11.16 on gasoline and $14.19 on diesel and implying roughly a 0.75%–1% increase at the pump.
• The Central Bank put into effect a 53.5% daily reserve‑requirement regime for banks and reinforced its strategy with high short‑term rates, stricter FX positions and active sales in the futures market to contain the peso.
• Government actions late in August included Treasury dollar sales within the exchange band and limits on banks’ end‑month dollarization to keep the official rate near ARS 1,360 with the blue rate close by.
• Gross international reserves fell about US$995 million on Friday to US$39.97 billion, a move officials attributed to month‑end operations with an inflow expected after the U.S. market holiday.
• Private consultancies project August inflation around 2%–2.2% even as food prices rose roughly 3%, pointing to a moderate pass‑through to the headline index.