Macquarie Bank has increased its interest rates. This follows other banks in Australia. The Reserve Bank of Australia recently raised 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 raised 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 managing the economic impact of rising inflation.