Inflation continues to rise at rates not seen in decades and gross domestic product is shrinking, but Connecticut bankers say they see no need yet for dramatic defensive actions.
Heads of several community lenders say that ominous signs nationally aren’t mirrored locally. New loan demand remains robust and historically low unemployment has bank presidents confident of continued strength from existing borrowers.
Inflation continues to rise at rates not seen in decades and gross domestic product is shrinking, but Connecticut bankers say they see no need yet for dramatic defensive actions.
Heads of several community lenders say that ominous signs nationally aren’t mirrored locally. New loan demand remains robust and historically low unemployment has bank presidents confident of continued strength from existing borrowers.