The ECB's measures to ease the strain in the market and the continued strive to drive lending recovery started to show and adding more pressure on the ECB to implement the signaled rate hike in the coming April meeting.

The February Money Supply figures insured the gradual improvement of liquidity, where the M3 three-month average rose 1.7% inline with the previous and above the expected 1.6%. On the year M3 rose 2.0% following 1.5% and beat the expected 1.7 percent.