crawling peg

(redirected from Crawling Peg Exchange Rate)
Also found in: Financial.
Related to Crawling Peg Exchange Rate: Crawling Peg System

crawling peg

n
(Economics) 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 and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Declining deposits and incipient related pressure on international reserves have increased financial and macro stability risks in the context of Nicaragua's crawling peg exchange rate regime and highly dollarized financial system.
S&P also view monetary policy effectiveness as limited by the crawling peg exchange rate arrangement.
The plan limited the lira's depreciation through a crawling peg exchange rate, while imposing budgetary restraint and structural reforms to cut state spending and modernise the economy.