ECB's Weidmann: Ongoing recovery opens up prospect of monetary policy normalization

German central bank chief and ECB policymaker Jens Weidmann is crossing the wires, via LiveSquawk, saying that in the face of recent declining oil prices, the inflation rate at the end of the year is likely to be lower again.

Key quotes (via LiveSquawk):

• Euro area domestic price pressure to rise over time, not least because of further improvement in the labour market situation
• Ongoing recovery opens up prospect of monetary policy normalization
• This isn't about a full braking, but ‘taking the foot off the gas’
• European monetary union is still vulnerable