We heard something similar from the Greek central bank president and now this. Lagarde is hosting a press conference tomorrow.

It's looking increasingly likely that the ECB will push back the timeline for normalization. The risk is that inflation gets out of control and the ECB is forced to hike much more later.

Meanwhile, tech stocks have staged a huge rebound in part due to suspicion that central banks won't be as hawkish. Short covering is another option.