Searcher
Sumedh Deorukhkar
Sumedh Deorukhkar
Senior Economist
Madrid

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

All in all, while the ECB delivered its promised rate hike today, its emphasis on data dependence, and the removal of forward guidance on rates suggests that it would act more cautiously going forward in the wake of recent adverse financial sector events
December data points to further easing of inflationary pressures in the US and the Euro Area. Bottleneck indicators suggests that supply pressures moderated further in the US and declined marginally in Europe
ECB opted for a smaller 50 bps hike, but judged rates to be raised significantly at a steady pace of 50bp going forward until they reach their terminal rate, which will be decided on a meeting-by-meeting basis.