Latest News About No RBA cuts before 2027 amid firm inflation

Economists currently predict zero 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 faces renewed scrutiny to raise rates further this year as inflation remains over target.

Australia's dollar slid toward 0.6900 as the yield curve tilted, prompting market concern.

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