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crawling peg

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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crawling peg

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

From The Wall Street Journal ● Oct. 26, 2025

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 ● Oct. 19, 2023

The plan has the particularly unattractive name of "crawling peg," but it has a notably attractive list of advocates.

From Time Magazine Archive

The crawling peg would also avoid sharp devaluations and revaluations.

From Time Magazine Archive

Under the simplest form of crawling peg, if a currency were to sell for some months at the bottom of its 1% range, then its official value would automatically move down.

From Time Magazine Archive

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023