is pegged at

USAGE SUMMARY

The phrase "is pegged at" is correct and usable in written English.
It is typically used to indicate that a value or rate is fixed or set at a specific level. Example: "The interest rate is pegged at 3% for the duration of the loan."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

51 human-written examples

It is pegged at 0.99 per cent above base rate.

Independent

In our heart, the dollar is pegged at the value it had when we were young.

The New Yorker

In fact the peso is pegged at 24 to the CUC.

The Economist

By law, Argentina's peso is pegged at par to the dollar.

The Economist

Total investment by the Indian companies is pegged at $10.8 billion.

The New York Times

It is pegged at one percentage point above the base rate.

Independent

Human-verified similar examples from authoritative sources

Similar Expressions

9 human-written examples

The initial savings to the city were pegged at $5m.

The Guardian - Opinion

Longer term, inflation expectations were pegged at 3.2percentthethighestest level since August 2006.

The New York Times

It was pegged at 2.7% for the fourth successive month in January.

The Guardian - Business

Interest rates in Britain alone have been pegged at 0.5% for more than five years.

The Guardian - Opinion

Only 10 were under par over all as the cut was pegged at eight-over 152.

The New York Times - Sports

Expert writing Tips

Best practice

Use "is pegged at" when you want to clearly indicate that a value or rate is intentionally fixed or maintained at a specific level, especially in economic or financial contexts. For example: "The currency is pegged at a fixed exchange rate to the dollar."

Common error

Avoid using "is pegged at" in casual conversations or informal writing where simpler alternatives like "is set at" or "is valued at" would be more appropriate. Overuse in informal settings can sound overly formal or unnatural.

Linguistic Context

The phrase "is pegged at" functions as a stative verb phrase, indicating a fixed or established value. As Ludwig AI confirms, this phrase is commonly used to denote that something is maintained at a specific level. Examples from the provided data showcase its use in economic, financial, and statistical contexts.

Expression frequency: Common

Frequent in

News & Media

75%

Science

15%

Formal & Business

10%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "is pegged at" is a useful tool for indicating a fixed or maintained value, particularly in financial, economic, or statistical contexts. As Ludwig AI indicates, the phrase is grammatically sound and frequently used. While common in news and business writing, it is best reserved for situations where you want to emphasize the stability and intentionality behind a specific figure. Alternatives include "is fixed at", "is set at", and "is valued at", each offering subtle differences in meaning. By understanding these nuances, you can use "is pegged at" effectively and appropriately in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

is fixed at

Indicates a firm, unchangeable value; implies a deliberate decision to set a specific level.

is set at

Similar to "is fixed at", but can also suggest a temporary or conditional arrangement.

is valued at

Implies an assessment or appraisal has determined a particular worth or amount.

is estimated at

Suggests an approximate calculation or educated guess, rather than a precise determination.

is assessed at

Often used in financial or tax contexts, indicating an official evaluation for a specific purpose.

is quoted at

Indicates a price or figure given as an offer or for informational purposes.

is marked at

Suggests a listed or displayed price, often in a retail setting.

is calculated at

Emphasizes the mathematical process used to arrive at a specific figure.

is considered to be

Expresses a general opinion or belief about a value, rather than a precise measurement.

is regarded as

Similar to "is considered to be", but often implies a more formal or widely held viewpoint.

FAQs

How can I use "is pegged at" in a sentence?

The phrase "is pegged at" is used to indicate that a value, rate, or price is fixed at a specific level. For example, "The interest rate "is pegged at" 3% for the first year."

What are some alternatives to "is pegged at"?

Alternatives to "is pegged at" include "is fixed at", "is set at", "is valued at", and "is estimated at". The best choice depends on the specific context and the nuance you want to convey.

Is it appropriate to use "is pegged at" in informal writing?

While grammatically correct, "is pegged at" is generally more suitable for formal or technical writing. In informal contexts, simpler alternatives like "is set at" or "is valued at" may be more appropriate.

What's the difference between "is pegged at" and "is estimated at"?

"Is pegged at" implies a fixed or intentionally maintained value, often by some authority or mechanism. "Is estimated at", on the other hand, suggests an approximate calculation or prediction that may be subject to change.