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 part of a trend among Australian banks. 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 aligns with other banks' strategies. They are handling the economic effects of rising inflation.