Central banks head for the Portuguese hills

The €2.3 trillion programme, designed to revive inflation, is set to run until the end of 2017

The cool shade of the hills above Lisbon will offer leading central bankers an escape from the summer heat in the coming week, but there is little they can do to get away from their differing monetary policy conundrums.
 
As the global financial crisis slowly fades from the rear-view mirror, the world’s biggest central banks are struggling to decide how and when and at what speed they can begin returning their monetary policy settings to something like normality.
 
The highlight of the European Central Bank’s “Forum on Central Banking” in Sintra — the old getaway of Portuguese monarchs