Overview

• Argentina’s central bank sold about US$1.1 billion this week to defend the exchange-rate band as the dollar hit the top of the range and risk indicators rose, with Q2 GDP down 0.1% and wholesale prices up 3.1% in August.
• Congress intensified pressure by advancing veto overrides on university funding and a pediatric emergency law, while the Senate backed a redistribution of ATN funds and Deputies moved to advance a bill limiting DNU powers with committee action set for September 30.
• Javier Milei said he reinstated the Interior Ministry, put himself at the head of the political table, and will attend the UN General Assembly in New York for meetings including with IMF chief Kristalina Georgieva and a planned bilateral with President Donald Trump.
• The government signaled outreach to governors as distrust grows, with allied legislators breaking ranks on key votes and Provincias Unidas consolidating, while polls show Fuerza Patria leading in Buenos Aires but national projections still keeping LLA competitive.
• Provincial dynamics remain fluid before the October 26 vote, as Salta’s governor announced a leave of absence from September 26 with Vice Governor Miguel Acevedo set to assume executive duties during that period.