The swap curve is anchored by the Prague Interbank Offered Rate (PRIBOR). The 10-year rate represents the market’s expectation of the average short-term PRIBOR rate over the next decade, plus a term premium. During periods of CNB tightening (e.g., 2021-2022), the steepening of the curve was aggressive, with the 10-year swap rate pricing in the persistence of high policy rates.
: Automatically round up every purchase to the next 10 CZK and "swap" that spare change into a savings or investment account.
