Two-thirds of bankers gathered at a conference this week said that the recent spike in interest rates is likely to continue, with rates rising by at least 50 basis points during the next 12 months.

The survey of 347 bankers, conducted by the American Bankers Association at its annual convention in San Diego, shows that 66% see rates rising, while only 7% said they expect rates to fall by at least 50 basis points over the next year. Twenty-seven percent said they expect rates to remain about the same.

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