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

Overall, the relatively modest downward revision in growth projections and the delinking of the tapering from the rate rise scenarios allows the ECB to convey a hawkish message while freeing itself to make the decision on rates more data dependent
The ECB left all its key monetary policy settings unchanged today, in turn confirming the decisions taken at the previous meeting, but clearly sounded more concerned about rising upside risks to the inflation outlook. Mrs. Lagarde postponed any eventual reaction to these risks to be addressed during the March meeting
The ECB deliberated substantially on two key topical issues concerning markets - 1) the central bank’s view on the drivers and durability of ongoing inflation pressures and 2) the disconnect between ECB’s forward guidance on rates and the market’s timeframe for a lift-off.