Macquarie Bank has raised its variable 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 adjusting to higher inflation pressures. 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 handling the economic effects of rising inflation.