What is meant by sterilization of the effects of foreign exchange market intervention? Explain how sterilization works

Question:

What is meant by sterilization of the effects of intervention? Explain how sterilization works in the case of imperfect capital mobility.
Foreign Exchange Market
The foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...