The specific outcomes will depend on the details, especially on the nature of supply-side incentives in any spending or tax changes. Ceteris paribus, monetary policy - run off a sensible reaction function - will end up validating the higher equilibrium real interest rate, to keep prices from accelerating indefinitely.
At this point, I would also like to touch very briefly upon the State Bank’s efforts to accelerate economic growth. As you may know, any central bank’s primary policy tool is the discount rate – the basic interest rate which acts as an anchor for all other rates in the economy.