Many middle-class Thais have been saving money in banks that offer almost no interest, and it looks like their savings will decline as inflation surpasses interest rates (depending on ow much the government wants interest to go down).
Without pensions here (except government employees), how are people supposed to save for retirement?
Encouraging more debt through low interest loans will do more to hurt than help.
If they want to lower lending rates, the least they can do is offer some kind of saving scheme with better, and low risk, returns for ordinary people.