Is it just me, or does this plan sound ridiculously over-simplistic?
It's like saying "I'm a bit short this month. But don't worry, I've got a Colour Photocopier downstairs and will run off a few hundred quid to tide me over". It seems to me this is a dangerous experiment which is bound to have negative results - they have already increased the money supply by 10% and sure that will simply devalue the money supply by, er, 10%?
To use another metaphor, isn't it like someone saying "I'm looking a bit fat. I know - I'll pop out and buy some bigger clothes!".