Presets: Using preset with path argument to cmake doesn't work as expected

Minimal CMakeUserPresets.json to reproduce the problem:

{
  "version": 1,
  "cmakeMinimumRequired": {
    "major": 3,
    "minor": 19,
    "patch": 0
  },
  "configurePresets": [
    {
      "name": "Base",
      "hidden": true,
      "binaryDir": "build"
    },
    {
      "name": "Debug",
      "inherits": "Base",
      "generator": "Ninja"
    }
  ]
}

Run cmake from the source directory like so:

cmake --preset=Debug .

Expected behavior: The build directory will be in build below the source directory.

Actual behavior: The source directory is used as the build directory. In other words, the binaryDir field is ignored instead of being inherited from the Base preset`.