Searcher
Sumedh Deorukhkar
Sumedh Deorukhkar
Senior Economist
Spain

Sumedh Deorukhkar joined BBVA Research in 2011. Starting 2019, he has been working as a Senior Economist in the Economic and Financial Forecasting Unit, based in Madrid. His key areas of responsibility include analysis of global portfolio flows and macroeconomic scenarios.

In his prior capacity as Senior Economist Asia, based in Hong Kong and Mumbai, he contributed to a variety of economic research reports on China, India, & ASEAN. He also worked closely with BBVA’s fixed income sales team to provide macroeconomic perspectives to BBVA’s clients across the region, which included several Asian Central Banks. He was also responsible for providing strategic insights to BBVA’s management on Fintech potential in Asia.

In previous years, Sumedh worked with ICICI Bank, India’s largest private sector bank, as an economist in its Treasury department, where he published extensively on the US economy and global financial markets.

Sumedh regularly shares economic views across electronic media and his work is quoted in leading business newspapers and magazines. He holds an MSc degree in Economics from Indira Gandhi Institute of Development Research, an advanced research institute established by the Reserve Bank of India. He also holds a specialized degree in Financial Risk Management from the Global Association of Risk Professionals (GARP), USA.

Latest publications

The meeting did not provide any surprises on the reaction by the ECB to the hottest topics - inflation figures and the appreciation of the euro. The ECB continues to be very cautious but does not seem to be ready to extend the PEPP for the moment, unless further risks on the pandemic and on the economy materialize.
The ECB packed quite a punch today as it boosted its COVID-19 response strategy with a larger than expected expansion of its QE purchases under the Pandemic Emergency Purchase Program (PEPP), by €600 bn, to a total of €1350 bn and extended the purchase horizon to at least the end of June 2021.