Mexico’s President-elect will nominate independent economist Jonathan Heath to the board of the central bank in December, incoming finance minister Carlos Urzúa has confirmed.

Mr Heath will take the place of Manuel Ramos Francia, who leaves the bank at the end of December, Reuters news agency quoted Mr Urzúa as saying.

Mr Heath earlier this week dismissed as “just rumours” talk that he could move to the bank, which was first reported by the Wall Street Journal.

Mr Heath, whose parents are Canadian, is seen as a smart, straight-talker in a key role. President-elect Andrés Manuel López Obrador recently blasted the economy as bankrupt and said any problems ahead could be caused by poor governance at the Bank of Mexico.

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