Macquarie Bank has raised its variable rates. This follows other banks in Australia. The Reserve Bank of Australia recently increased interest rates to fight inflation. Macquarie Bank's move is a reflection of other banks in Australia. They are adjusting to higher inflation pressures. The Reserve Bank increased interest rates to an 18-year high. This has prompted other banks to take similar steps. Macquarie Bank's latest adjustment matches other banks' moves. They are managing the economic impact of rising inflation.