Economists now predict no Reserve Bank of Australia rate cuts until 2027, despite a modest 0.4 per cent fall in Melbourne Institute's inflation gauge in June.
The central bank encounters renewed scrutiny to raise rates further this year as inflation remains over target.
Australia's dollar slid toward 0.6900 as the yield curve shifted, triggering market concern.
The forecasts come from analysis by the Australian Financial Review, Nine.com.au, and News.com.au, with several economists alerting that excessive inflation will stop the RBA from cutting rates in the near term, raising worries about growth.