Presidential office says interest rate freeze ”is not enough in terms of expanding domestic demand” = South Korea

On the 22nd, the Presidential Office said that if the Bank of Korea were to freeze the base interest rate at 3.50%, it would be “insufficient in terms of expanding domestic demand.”
On the same day, a senior official in the presidential office said, "Deciding on interest rates is the exclusive prerogative of the Monetary and Financial Committee," but
He also said, "We plan to prepare and announce measures to stabilize people's livelihoods and promote consumption, including the supply of gifts for the mid-autumn celebration (Chuseok) festival, within the coming week."
The Bank of Korea decided to keep its base interest rate unchanged for the 13th consecutive day. Lee Chang-yong, governor of the Bank of Korea, said, "The interest rate cuts have been too long.
If the interest rate cut is delayed, the recovery of domestic demand may be delayed and growth momentum may weaken. However, in the current situation, there is a greater risk that a cut in interest rates will fuel an increase in real estate prices and increase volatility in the foreign exchange market.
"The government has announced measures such as expanding housing supply and strengthening macro-prudential regulations, but we need to examine how effective they are," he said.
With this interest rate decision, the freeze will continue for one year and nine months, the longest period in history.