WASHINGTON -- Higher inflation will push up interest rates, but a growing economy will fuel loan demand nonetheless, a panel of bank economists said on Wednesday.

"With inflation edging higher and economic growth close to 3%, short-term interest rates are expected to begin rising by the end of the year," said Stuart G. Hoffman, chairman of the American Bankers Association Economic Advisory Committee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.