By Kitiphong Thaichareon

BANGKOK (Reuters) – Thailand’s central bank is ready to collaborate with the finance ministry despite differing views, according to its governor on Saturday.

Prime Minister Paetongtarn Shinawatra, who was sworn in last week, has labeled central bank independence an “obstacle” to economic growth.

Her predecessor, Srettha Thavisin, was dismissed by court order. Srettha, from the same party as Paetongtarn, had called for the central bank to reduce interest rates to fuel growth.

“Our independence comes with accountability,” said Bank of Thailand Governor Sethaput Suthiwartnarueput at a press conference, emphasizing the BOT’s readiness to collaborate with anyone.

On Wednesday, the central bank maintained its key interest rate for the fifth consecutive meeting, stating that the current rate was neutral while waiting to see if Paetongtarn would alter Thailand’s economic policies.

“We are ready to make adjustments that are appropriate to the situation,” Sethaput remarked. “If the outlook changes, then we are ready to adjust policy rates.”

Paetongtarn has indicated that she would continue but reevaluate the government’s flagship digital wallet cash-handout program, worth 500 billion baht ($15 billion).

Thailand’s economy saw a growth of 2.3% in the April-June quarter year-on-year, improving from 1.6% in the previous three months. However, analysts noted that fiscal policy uncertainty could cloud the outlook.

Sethaput mentioned that the outlook for both the economy and inflation remains aligned with forecasts. In June, the central bank projected a 2.6% growth rate for this year following last year’s 1.9% expansion, which was below regional peers.