Latest News About RBA rate cuts delayed until 2027 as inflation holds

Economists currently predict zero 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 feels renewed pressure to increase rates further this year as inflation remains above target.

Australia's dollar dropped toward 0.6900 as the yield curve changed, prompting market concern.

The forecasts are based on analysis by the Australian Financial Review, Nine.com.au, and News.com.au, with several economists cautioning that excessive inflation will block the RBA from cutting rates in the near term, raising worries about growth.