use the Bank of England's mode forecasts than the Bank of England's mean forecasts. -- Forecast evaluation ; risk …

forecast commonly imply that the outturn is expected to lie above [below] the central forecast. Investigating the inflation … informativeness, that is, for a systematic connection between risk assessments and forecast errors. Thus, it seems questionable … whether macroeconomic risk forecasts are meaningful. -- Forecast evaluation ; risk forecasts ; inflation forecasts …