Germany’s chancellor-in-waiting Olaf Scholz could nominate Joachim Nagel, a top official at the Bank for International Settlements, to become the successor of outgoing Bundesbank President Jens Weidmann, the Financial Times reported on Thursday. Nagel, 55, has moved into pole position to head Germany’s central bank in one of the first major appointments by Scholz’s incoming three-way coalition government, the FT reported, citing a person with direct knowledge of the matter.

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