peg verb Meaning in the Cambridge Learner’s Dictionary Cambridge dictionaries logo

Meaning of “peg” - Learner’s Dictionary

peg

verb [T]     /peɡ/ ( present participle pegging, past tense and past participle pegged)
to fix the cost of borrowing money or the value of a country's money at a particular level: [often passive] Interest rates were pegged at 8.2%.Keeping and staying the sameNot able to be changed
(Definition of peg verb from the Cambridge Learner’s Dictionary © Cambridge University Press)
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