The Bank of Thailand's governor on Friday stressed the need for central bank independence in setting monetary policy amid a lengthy disagreement with the government over whether or not interest rates should be cut to support the economy.

Bank of Thailand Governor Sethaput Suthiwartnarueput said it’s crucial for central banks to have independence in setting monetary policy, capping a week that saw the government resume calls for rate cuts and currency intervention.

Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in efforts to bolster growth in Southeast Asia's largest economy.

Taiwan’s central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.