[maven] When maven says "resolution will not be reattempted until the update interval of MyRepo has elapsed", where is that interval specified?

Somewhat relevent.. I was getting

"[ERROR] Failed to execute goal on project testproject: Could not resolve dependencies for project myjarname:jar:1.0-0: Failure to find myjarname-core:bundle:1.0-0 in http://repo1.maven.org/maven2 was cached in the local repository, resolution will not be reattempted until the update interval of central has elapsed or updates are forced -> [Help 1]"

This error was caused by accidentally using Maven 3 instead of Maven 2. Just figured it might save someone some time, because my initial google search led me to this page.