A new survey of 32 economists suggests Australia’s interest rates may not fall before 2027.
Most experts believe the Reserve Bank of Australia will maintain a tight monetary policy stance for longer.
The current official cash rate stands at 4.35%, with inflation control still the central priority.
Some economists warn rates could even rise further, potentially reaching 4.85% by the end of this year.
More than 1.5 million Australian households are already facing severe mortgage repayment pressure.
Analysts caution that relief for borrowers may be delayed further as economic tightening continues.
