As economists, we naturally think of nominal interest rates as a combination of expected inflation and the real interest rate. (bankofcanada.ca)
One is that were we to see inflation become established permanently at higher levels, then over time the whole structure of nominal interest rates would reflect that new reality. (rba.gov.au)
Finally, higher nominal growth should translate into higher nominal interest rates, to the detriment of the so - called bond market proxies (equities that provide high dividends). (blackrockblog.com)