The Globe and Mail reports in its Wednesday edition that with inflation nearing the Bank of Canada's 2-per-cent target, TD Bank chief economist Beata Caranci sees no need to change to the overnight policy rate. The Globe's Jennifer Dowty writes that TD's quarterly economic forecast report Dec. 11 noted that, "If the economy persists on the modest growth path ... we expect the Bank of Canada to hold its overnight rate at 2.25 per cent for the foreseeable future." Said Ms. Caranci: "2.25 per cent is the low end of their neutral estimate, and they haven't been showing much comfort in going below that. It's a comfortable number to stay at if you're able to keep inflation around 2, 2.5 per cent. I would think that if the economy is going to improve in 2027, you wouldn't have to be at the lower end of that neutral range and be so accommodative." As for real GDP, "In 2026, our forecast is only for 1.3-per-cent growth so there will be slack building and then you need time for that to be absorbed. You have slack building in 2026. You're absorbing that but not eliminating it in 2027. So, I think that it's reasonable that you can remain around 2.25 per cent. And if the economy deteriorates even more, you have room to move lower."