Swiss National Bank still ready to intervene in forex market, says it's no currency manipulator

ZURICH, March 20 (Reuters) - The Swiss National Bank will continue to use foreign currency market interventions if necessary, Chairman Martin Schlegel said on Thursday, adding the central bank was not a currency manipulator.

The SNB had not used currency interventions to gain a competitive advantage for the Swiss economy in the past and would use the tool again if needed to steer monetary policy, Schlegel told a press conference after the SNB's latest interest rates decision.

"Switzerland is not a currency manipulator," Schlegel told reporters. "We will use all our tools that we have at hand."