Economists now predict no Reserve Bank of Australia rate cuts until 2027, despite a slight 0.4 per cent fall in Melbourne Institute's inflation gauge in June.
The central bank feels renewed focus to increase rates further this year as inflation remains over target.
Australia's dollar slid 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 prevent the RBA from cutting rates in the near term, raising worries about growth.