Answer the question

The definition of interest rate parity is the interest rate differential between two countries is equal to the differential between the forward exchange rate and the spot exchange rate. With uncovered arbitrage ongoing, forward rate differential will continue to increase, the rate of return offered by the two currencies until completely equal, then covered arbitrage activities will stop, exactly equal to the difference between the two countries forward interest rate, namely interest rate parity holds." How far do you agree with this statement