But over shorter horizons, individual price movements can have a large impact. A fall in the price of one good should boost household spending power and demand for other goods and services boosting their price, but this can take some time to play out.
Tagged as a viable electronic payment alternative to paper-based checks, PESONet is one of the ACHs prioritized for implementation by the Bangko Sentral. PESONet holds a lot of promise, given its potential to be an efficient channel for collections and disbursements by government and corporate users.