It is the adjustment in term interest rates along the risk-free and sovereign curve that matters most for the economy, as these directly affect the conditions under which firms, banks and governments can borrow in financial markets and indirectly affect the cost of borrowing of firms and households to the extent that they rely on bank borrowing, since banks price their loans off the risk-free or sovereign yield curve.
PESO Net’s Benefits to the Government and Public PESO Net will also enable the digitization of government collections and payments. This will be realized through the collaboration with various agencies such as the Department of Finance, the Bureau of the Treasury, Bureau of Internal Revenue, Department of Information and Communications Technology, and the Department of Budget and Management and the Commission on Audit.