Mexico central bank cuts 2017 growth outlook, cites possible U.S. risks

Mexico's central bank on Wednesday narrowed its 2016 growth forecast, and cut its 2017 outlook, adding it may revise estimates if new U.S. policies have a negative effect on Mexican exports and foreign investment in the country.

In its quarterly inflation report, the central bank tweaked its 2016 growth forecast to between 1.8-2.3 percent compared to a previous estimation of 1.7-2.5 percent.

It cut its 2017 economic growth outlook to between 1.5-2.5 percent versus a previous 2.0-3.0 percent.