[Deutsche Bank: The Resurgence of Inflation Likely Ends the Possibility of a Rate Cut by the Bank of England This Year] Jin10 News, March 25 – Deutsche Bank analyst Sanjay Raja stated in a report that, given the significant rise in energy prices, the Bank of England returning to its 2% inflation target now seems like a distant memory. He remarked: "The resurgence of inflation will put an end to any discussions of rate cuts this year. Moreover, the risk of the Bank of England shifting its policy and raising interest rates can no longer be ignored." Raja noted that oil prices rose nearly 7% in March and could see a similar increase in April. Potential spillover effects in other components of the Consumer Price Index basket are also growing, with fertilizer prices rising, shipping costs surging, and the possibility of second-round effects not to be underestimated. He predicts that the inflation rate will peak at around 3.5% later this year.