crawling peg

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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
References in periodicals archive ?
As a result, the PBOC has de facto adopted a crawling-peg exchange-rate regime.
The labor market performance is very similar to that of the crawling-peg scenario.
The government applied first a crawling-peg strategy against a basket consisting of five currencies (dominated by the dollar) and replaced it later with a crawling-band regime, whose room for fluctuation was expanded in May 1995.
Monetary policy remains focused on preserving the credibility of the preannounced crawling-peg exchange rate regime, set at a 1 per cent monthly devaluation in early November.