Economists now predict no 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 encounters renewed focus to raise rates further this year as inflation remains beyond target.
Australia's dollar fell toward 0.6900 as the yield curve shifted, prompting market concern.
The forecasts derive from analysis by the Australian Financial Review, Nine.com.au, and News.com.au, with several economists cautioning that excessive inflation will stop the RBA from cutting rates in the near term, raising worries about growth.