ZURICH (Reuters) – The Swiss National Bank said it would not alter its monetary policy despite Switzerland’s being named a currency manipulator by the United States Treasury on Wednesday, adding the central bank remained willing to act aggressively on forex markets.

“The SNB’s monetary policy approach remains unchanged by the report,” the SNB said in a statement. “In light of the economic situation and the fact that the Swiss franc is still highly valued, the SNB remains willing to intervene more strongly in the foreign exchange market.”

(Reporting by John Revill; Editing by Michael Shields)