Macquarie Bank has increased its interest rates. This comes after other banks in Australia. The Reserve Bank of Australia recently raised rates to combat inflation. Macquarie Bank's move is part of a trend among Australian banks. They are responding to higher inflation. The Reserve Bank raised rates to an 18-year high. This has prompted other banks to take similar steps. Macquarie Bank's latest adjustment aligns with other banks' strategies. They are managing the economic impact of rising inflation.