Inflation of late has been increasing, which means that the Central Bank will be raising the target overnight interest rate".

From the above statement, explain the following:

(i) what does high inflation relate to increasing interest rates? (5 marks)

(ii). How does the Central Bank raise the target interest rate? (5 marks)

(iii) What objective does the Central Bank have by raising interest rates? (5 marks)

please answer it all soon