QE thus drives a continuous shortening of effective government debt maturity and a corresponding increase in (consolidated) government and central-bank exposure to rising interest rates. ... And, of course, rates could increase much more than one percentage point.

Does QE increase debt?

QE lowers the cost of borrowing throughout the economy, including for the government. That's because one of the ways that QE works is by lowering the bond yield or 'interest rate' on UK government bonds.

What does quantitative easing increase?

Quantitative easing increases the money supply by purchasing assets with newly-created bank reserves in order to provide banks with more liquidity.