Lt. Gov. Bolling said he has no current plan to launch an independent bid for governor, but he did not rule out the possibility entirely.

Virginia Lt. Gov. Bill Bolling (R) arrives in Manassas, VA to attend a Small Business Roundtable on December 7, 2011. (Tracy A. Woodward)

Bolling had pledged in his announcement to “remain actively involved” in the campaigns as “a more independent voice.”The wording led some political observers to speculate that Bolling planned to run as an independent.

In a brief interview Wednesday, Bolling said he had “no current intention to embark on an independent campaign for governor.” But he left open the possibility that he would do so as the race unfolds.

“How the people of Virginia and business leaders react to these two candidates, it’s too early to answer,” said Bolling, referring to Attorney General Ken Cuccinelli II (R) and Terry McAuliffe, former head of the Democratic National Committee. “I have no current intention to embark on an independent campaign for governor. But I’m not in a position to rule anything out at this point. This is a very unpredictable campaign and I will be watching closely how it evolves.”

In the same interview, Bolling also said he would not endorse his fellow Republican, Cuccinelli.

“I don’t intend to make any endorsement in the campaign for governor,” Bolling said. “I have serious reservations about his ability to effectively and responsibly lead our state, and given those reservations, I could not in good conscience endorse his candidacy for governor.”