Economics

Germany Picks Bundesbank Veteran Nagel as Central Bank Chief

He used to lead market operations at the Frankfurt institution
Weidmann resigned and will leave post at end of December

Joachim Nagel, left, and Jens Weidmann, right. Photographer: Michael Probst/AP Photo

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By Alexander Weber and Birgit Jennen

December 20, 2021 at 8:25 AM UTC

Updated on

December 20, 2021 at 11:03 AM UTC

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Germany’s new coalition government picked Joachim Nagel, a former Bundesbank senior official, as the central bank’s next chief, touting his ability to help tackle soaring inflation.