Why did Macquarie Bank raise term deposit rates today?

Macquarie Bank is competing harder for stable deposits ahead of the next RBA cash rate decision. Higher term deposit rates can attract stickier funding and support loan growth, but they also lift interest expense. The net effect depends on deposit inflows, loan repricing, and how quickly asset yields adjust.

What is the Macquarie Group share price telling us today?

MQG.AX closed at A$212.18, up 0.02%, after trading between A$211.63 and A$215.00. Price is near the 200‑day average at A$212.78 and above the 50‑day at A$203.04. Momentum is positive, but overbought readings suggest a pause or retest before any sustained breakout.

How could the RBA cash rate decision affect Macquarie Bank?

A higher or stickier RBA cash rate can raise funding costs and compress margins if deposit rates climb faster than loan yields. A softer path could ease funding pressure but also temper asset yields. Markets will focus on margin guidance, deposit growth, and credit quality signals after the decision.

What does the Macquarie AirFinance sale mean for investors?

A successful sale could recycle capital into higher‑return areas, lift capital ratios, and reduce earnings volatility. The impact depends on price, timing, and any retained stakes. Clear management messaging on proceeds, reinvestment, or capital returns will guide how the market values Macquarie Bank’s group mix.

Global Market Insights

MQG.AX Stock Today: February 2 Term Deposit Hike Before RBA Call

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Macquarie Bank lifted select term deposit rates ahead of the next RBA cash rate call, putting funding costs and margins in the spotlight. Shares of MQG.AX last traded at A$212.18, up 0.02%, after touching A$215.00 intraday. Investors are also watching progress on the Macquarie AirFinance sale, which could reshape capital and earnings mix. Today we outline what the deposit moves mean for spreads, how the Macquarie Group share price looks on momentum, and what to monitor into May’s results.