crawling peg

British  

noun

1. a method of stabilizing exchange rates, prices, etc, by maintaining a fixed level for a specified period or until the level has persisted at an upper or lower limit for a specified period and then permitting a predetermined incremental rise or fall

---

Example Sentences

Worse, the central bank announced a monthly crawling peg of 2% even though inflation was running higher.

From The Wall Street Journal

He added that from Nov. 15 the currency would be put on a "crawling peg" that allowed it to devalue by 3% monthly.

From Reuters

While teaching at the University of York in England in the mid-1960s, he developed the “crawling peg” theory, an economic model to maintain currency stability by limiting volatility in exchange rates.

From Washington Post

It has become increasingly costly to maintain the yuan’s crawling peg to the dollar.

From The Wall Street Journal

Transitioning from a crawling peg to a freer exchange rate was never going to be easy, but Beijing should have made the move years ago.

From The Wall Street Journal