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