peg
noun [ C ]
uk/peɡ/ us ECONOMICS, FINANCE
an official arrangement for a price, currency, etc. to stay at a particular level or within a particular range:
peg against sth The government removed the currency from its peg against the dollar.
See also
adjustable peg
crawling peg
currency peg
off-the-peg
sliding peg
peg
verb [ T ]
uk/peɡ/ us-gg- ECONOMICS, FINANCE
to officially control prices, income levels, currencies, etc. by keeping them at a particular level or within a particular range:
peg sth at sth Interest on the loan is pegged at 1.75% above base rate.
peg sth to sth Many of the world's currencies are pegged to the US dollar.
Compare
freeze verb
US
to guess the cost, amount, or level of something:
Future costs stemming from those lawsuits have been pegged as high as $8 billion.