阿根廷MERVAL指数 (Merval) 加自选

2025年8月，阿根廷消费者价格环比上涨1.9%，从5月份记录的2020年5月以来的最低月度通胀率1.5%进一步反弹，低于市场2%的涨幅预期。交通（7月份为3.6%对2.8%）、教育（2.5%对1.9%）、住房和公用事业（2.7%对1.5%）以及医疗（1.7%对1.1%）的价格加速上涨。与此同时，食品和非酒精饮料（1.4%对1.9%）、餐馆和酒店（1.9%对2.8%）以及通信（1.9%对2.3%）的价格放缓。服装和鞋类的跌幅较小（-0.3%对-0.9%）。与去年同期相比，消费者价格指数上涨了33.6%，标志着通货紧缩的趋势，也是自2018年7月以来的最小涨幅，低于7月份的36.6%。

Consumer prices in Argentina rose 1.9% month-on-month in August 2025, rebounding further from the lowest monthly inflation rate since May 2020 of 1.5% recorded in May and below market expectations for a 2% increase. Prices accelerated for transportation (3.6% vs. 2.8% in July), education (2.5% vs. 1.9%), housing and utilities (2.7% vs. 1.5%) and health (1.7% vs. 1.1%). Meanwhile, prices slowed for food and non-alcoholic beverages (1.4% vs. 1.9%), restaurants and hotels (1.9% vs. 2.8%) and communications (1.9% vs. 2.3%). Clothing and footwear saw a smaller decline (-0.3% vs. -0.9%). On a year-on-year basis, consumer prices rose 33.6%, marking the disinflation trend and the smallest increase since July 2018, down from 36.6% in July.

阿根廷的Merval指数暴跌至1800000以下，这是自去年10月以来的最低水平，此前该指数在今年年初创下历史新高，因为不断深化的政治危机动摇了投资者的信心。总统哈维尔·米利的执政联盟在布宜诺斯艾利斯省选举中惨败，这可能会使他的改革议程复杂化，而涉及他妹妹的腐败指控进一步破坏了人们的信心，引发了债券收益率飙升，比索再次面临压力，并在10月日益动荡的中期选举之前进行市场干预以支撑货币。

Argentina's Merval index plunged below the 1,800,000 level, its lowest since October last year after touching a record at the start of this year, as a deepening political crisis shook investor confidence. President Javier Milei’s ruling coalition suffered a resounding defeat in the Buenos Aires provincial elections, which may complicate his reformist agenda, and corruption allegations involving his sister have further destabilized confidence, triggering a spike in bond yields, renewed pressure on the peso and market intervention to shore up the currency ahead of increasingly volatile midterm elections in October.

阿根廷7月份的税收收入从之前的16999B降至15359B。阿根廷7月份的税收收入从之前的16999B降至15359B

Argentina Tax Revenue (MoM) declined to 15359B in July from previous 16999B.Argentina Tax Revenue (MoM) declined to 15359B in July from previous 16999B

阿根廷央行周二将银行必须持有的存款准备金率提高了3.5%，这是最近几周的第三次上调。这一变化将于9月1日生效，将适用于目前平均约45%的一系列现有存款准备金率。正如路透社报道的那样，分析师警告说，不断上升的水平可能会减缓经济。此举被视为试图平息市场，因为哈维尔·米利总统的政府在关键的立法选举之前面临腐败指控。分析人士指出，存款准备金率正接近50%的异常高水平，这可能会阻碍经济复苏的希望。该措施将允许银行通过以比索计价的证券整合准备金要求，财政部将于周三进行招标，金额约为7.7万亿比索（57.9亿美元）。

Argentina’s central bank on Tuesday raised the reserve requirements that banks must hold by 3.5%—the third increase in recent weeks. The change, which takes effect on September 1, will apply to a range of existing reserve requirement rates that currently average around 45%. Analysts warn that the rising levels could risk slowing the economy, as reported by Reuters. The move is seen as an attempt to calm markets as President Javier Milei’s government faces corruption allegations ahead of key legislative elections. Analysts noted that the reserve ratio is approaching an unusually high level of 50%, which could hamper hopes for an economic recovery. The measure will allow banks to integrate the reserve requirements through peso-denominated securities that the treasury will place in a tender set for Wednesday, for an amount of approximately 7.7 trillion pesos ($5.79 billion).