From Longman Business Dictionarynominal interest rateˌnominal ˈinterest ˌrateFINANCE1an interest rate on bonds that does not take account of the real price at which they are soldThe convertible bonds will carry a nominal interest rate of 8% and expire in 9.5 years.2an interest rate that is considered by itself, without referring to INFLATION (=the speed at which prices are rising)All a country gets from higher monetary growth is higher inflation, higher nominal interest rates and a less productive economy. → rate
