How much longer will the RBA be content with inflation below target?

In the Statement on Monetary Policy (SoMP) out earlier the Reserve Bank of Australia lowered its inflation forecasts.

In a nutshell, the forecast for core inflation is below the lower bound of the band over the forecast period (admittedly for headline inflation its forecast inside the band at the end of next year).

The Reserve Bank of Australia does have flexibility on the target (so it really isn't a target?), it wants to be on target over the cycle not at each official CPI reading. But, how long will it put up with being outside the target band?

Dunno ... but maybe it either has to ...

1. cut rates

or

2. lower the target

???