UPDATE 2-SNB's Danthine-current mon conditions appropriate

* Strong Swiss franc issue for external economy

* Domestic economy benefiting from very low interest rates

(Adds SNB comment on interview)

ZURICH, April 6 (Reuters) - Switzerland's current monetary
conditions are appropriate for the economy as a whole, Swiss
National Bank board member Jean-Pierre Danthine was quoted as
saying on Wednesday.

"For the whole economy, the monetary conditions are
appropriate at the moment," Danthine said in an interview with
Germany's Boersen-Zeitung.

But Danthine also said the SNB was facing a dilemma and that
the central bank would hike interest rates if it were to look
solely at the country's real estate market or the domestic
economy.

An SNB spokesman said the interview was based on the same
material as one published in Switzerland's Basler Zeitung on
Saturday. [ID:nLDE731029]

"The strong Swiss franc is affecting mainly the external
economy. In contrast to this, the domestic economy is partly
immune to the exchange rate situation and is benefiting from the
very low interest rates," Danthine said.

"These different conditions for the external and domestic
economy are limiting our monetary policy scope," he said.

Last month, the SNB kept interest rates ultra-low despite an
overall improved outlook for the economy, but it cautioned risks
remained from Europe's debt crisis and the devastating
earthquake in Japan. [ID:LDE72F1D8]

"We have a relatively positive base scenario for the Swiss
economy with a few forex-related uncertainties for exporters. It
is decisive how worldwide demand develops," Danthine said.

"The surprising resistance of Swiss exports is certainly
also because the global economy recovered more quickly than
anyone had expected a year ago. Now we have to see what the
other central banks do," Danthine said.

The European Central Bank is widely expected to raise rates
on Thursday.

Danthine also said the strong franc had shielded the Swiss
economy from the danger of imported inflation through expensive
raw materials.

Danthine made the comments before the publication of Swiss
consumer price data on Wednesday which rose 1 percent
year-on-year in March, above the 0.6 percent forecast by
analysts in a Reuters poll, partly due to rising oil prices.
[ID:nLDE7341GD]

(Reporting by Katie Reid; Editing by Toby Chopra)