MNI BRIEF: BCB's Campos Withholds Opinion on Balance of Risks

MNI (BRASILIA) - Central Bank of Brazil Governor Roberto Campos Neto declined on Friday to reveal his position on whether he sees the balance of risks for inflation as tilted to the upside or not, though he conceded that there were differences on the subject at the last Copom meeting. 

"Sometimes you can have an opinion on one dimension, but it's connected to another, and the other has a weight on the opposite side. So I won't be able to tell you that," he stated at an event sponsored by Barclays on Friday. "I probably was in the group that thought we had too many things going on at the same time."

"We see more risks now in numbers on the upside. We didn't state explicitly that that was a asymmetric because that was not a consensus, some people thought it was, some people thought it was not," he added, after MNI revealed division on the issue earlier this week.  (See MNI POLICY: BCB Divided Over Risks To Inflation)