In this episode of Evolutionary Exchanges, David and Freddie explore interest rates and inflation as a key trend in Evolution Partners’ upcoming 2026 Banking Trends Report. They explain what’s driving renewed inflationary pressures and how central banks are responding in an increasingly uncertain environment. The discussion covers the impact on consumers as well as the implications for banks. While higher rates can boost profitability, they also increase risks across loan books and the broader economy. Looking ahead, the episode considers whether markets and institutions are prepared for further volatility and what the next 6–12 months could hold.