The European Central Bank has likely pressed pause on its rate hiking cycle, the chief financial officer of Commerzbank told CNBC on Friday.
The ECB raised interest rates in July, completing a full year of rate increases.
ECB President Christine Lagarde flagged that the central bank could continue or pause rate hikes at its next meeting in September, but definitely will not cut.
Commerzbank is the second largest lender in Germany by market capitalization, and its performance is closely linked to the interest rate environment.
Orlopp added that: "If there were to be another interest rate hike like in the fall, that would be again an upside potential for us."
Persons:
Commerzbank, Christine Lagarde, Bettina Orlopp, —, Orlopp, Akshay Singal, CNBC's
Organizations:
European Central Bank, CNBC, ECB, Revenue, Citi, Bank of England, Federal Reserve
Locations:
Germany