Macquarie Bank has increased its interest rates. This follows other banks in Australia. The Reserve Bank of Australia recently increased interest rates to combat inflation. Macquarie Bank's move is part of a trend among Australian banks. 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 handling the economic effects of rising inflation.