Macquarie Bank has raised its variable rates. This comes after other banks in Australia. The Reserve Bank of Australia recently increased interest rates to combat inflation. Macquarie Bank's move is a reflection of other banks in Australia. They are responding to higher inflation. The Reserve Bank increased interest rates to an 18-year high. This has led other banks to follow similar actions. Macquarie Bank's latest adjustment matches other banks' moves. They are handling the economic effects of rising inflation.