HONG KONG, Sept 19 (Reuters) - The Hong Kong MonetaryAuthority (HKMA) on Thursday lowered its base rate chargedthrough the overnight discount window by 25 basis pointsto 2.25%, hours after the U.S. Federal Reserve delivered a ratecut of the same margin.
Hong Kong's monetary policy moves lock-step with the UnitedStates' as the city's currency is pegged to thegreenback at a tight range of 7.75-7.85 per dollar.
The Fed lowered rates on Wednesday for the second time thisyear "to provide insurance against ongoing risks" including weakglobal growth and resurgent trade tensions, Chair Jerome Powellsaid.
The Hong Kong Dollar was last seen at 7.8297 per dollar,little changed on the day.(Reporting by Noah Sin; Editing by Kim COghill)