BERLIN, June 7 (Reuters) - The European Central Bank's decision to cut rates was not premature but a logical step after inflation eased, Bundesbank President Joachim Nagel said on Friday.
Nagel however said the ECB was not on autopilot and still acting restrictively despite the cut.
The ECB cut rates from a record high on Thursday given a decline in inflation. However, a few conservative ECB policymakers expressed regret about signalling too explicitly that a rate cut was coming and some even said they might have otherwise voted for holding rates, four sources told Reuters. (Reporting by Miranda Murray and Matthias Williams)
