May 24 (Reuters) - Brazil's central bank chief Roberto Campos Neto said on Friday that increased inflation expectations have been "quite bad news" for the central bank.

Speaking at an event hosted by FGV, he mentioned several factors account for the deviation of inflation expectations from the official 3% target, including fiscal policy, external factors, and doubts regarding the central bank's credibility. (Reporting by Marcela Ayres Editing by Chris Reese)