Prague Interbank Offered Rate
Open-knowledge reference entry
The Prague Interbank Offered Rate (PRIBOR) is the average rate at which banks are willing to lend liquidity on the Czech interbank money market and as such, reflects the price of money on the market.
PRIBOR belongs to the family of IBORs (InterBank Offered Rates) together with other financial benchmarks, e.g. LIBOR in London or EURIBOR in continental Europe.
History of PRIBOR
PRIBOR was created in Czechoslovakia in 1992 when a need for a financial benchmark was recognized and was modeled in the image of major benchmarks that already existed since the 1980s. It was created by the Central Bank of Czechoslovakia, who started collection quotes from reference banks in order to determine PRIBOR. After the split of Czechoslovakia in 1993, the process of calculating PRIBOR was taken over by the newly created Czech National Bank (CNB). CNB was responsible for calculating the rate up to the point, where they handed over the role of calculation agent to Telerate (who was acquired by Reuters in 2005) and the role of administrator to The Financial Markets Association of the Czech Republic (also called Forex Club Czech Republic) around year 2000.
In the middle of year 2017, Czech Financial Benchmark Facility took PRIBOR over from Czech Forex Club. On December 11, 2018 CFBF was authorized as an administrator under the European Benchmark Regulation (BMR), meaning PRIBOR became one of the first benchmarks to be authorized under BMR.
During its existence, PRIBOR was fixed every business day with a single exception in the summer of 2002, when it was not fixed on August 13 and August 14 due to massive flooding that took place in Czechia.
Definition and the fixing process
PRIBOR is defined as follows: "PRIBOR (or Prague Interbank Offered Rate) is the average interest rate at which unsecured CZK funds are offered by Panel Banks in the interbank market, just prior to 11.00am local time." It i fixed every business day according to the rules that are defined in the Code of Conduct and publicly accessible on the administrator's website. Data used to calculate the final rate are supplied daily to the administrator by the so-called "panel banks" (panel is used to designate a group of banks that are compliant with the requirements put forward by BMR and the administrator and who are therefore eligible to contribute to the calculation of the rate).
This brief starts where responsible research should: with the source description of “Prague Interbank Offered Rate” as open-knowledge reference entry. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the general reference register because the source frames it as open-knowledge reference entry. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Mar 25, 2025. The linked authority identifier is Q12046761. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1992, 1993, 2005 and 2000.
A concise general-reference account can conceal disagreements about scope, terminology or the weight assigned to individual sources. The lead is largely declarative, so disagreement and counter-evidence require a deliberate search beyond the opening account. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
How to read it
Use the entry as an orientation point, then follow its citations and revision history. Names, dates and institutional relationships should be checked against the original record.
- Subject orientation
- Search vocabulary
- Locating named sources
The closest primary source, responsible institution and strongest cited specialist reference.
Three-step research path
- Establish the record: confirm the title “Prague Interbank Offered Rate”, its source revision and the description used here.
- Expand the search: follow Prague Interbank Offered Rate primary sources, Prague Interbank Offered Rate archive and Prague research across catalogues and specialist indexes.
- Test the account: compare the strongest cited source with the responsible institution’s current record and note any disagreement.
Questions for further research
- Which source most directly establishes the central claim about “Prague Interbank Offered Rate”?
- What terminology or title could unlock a more precise catalogue search?
- Which cited source is closest to the event, object or claim?
Search terms from this dossier
This entry incorporates text from “Prague Interbank Offered Rate” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.