If fiscal policy is expansionary and monetary policy is contractionary, interest rates will almost certainly rise because both measures serve to raise interest rates.
The Monetary policy regulates the amount of money available in an economy as well as the channels by which new money is provided. A central bank's goal in controlling the money supply is to impact macroeconomic factors such as inflation, consumption rate, economic growth, and general liquidity.
Fiscal policy is the process through which a government modifies its spending levels and tax rates in order to monitor and impact the economy of a country. It is a monetary policy strategy in which a central bank controls a country's money supply. These two policies, in various combinations, are used to direct a country's economic goals.
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