Queensland forecasters have named Raquel as their first ever recorded July cyclone, which has formed this morning north of the Solomon Islands.

Senior forecaster Michael Knepp said the category one system was about 2,000 kilometres north-east of Cairns early this morning and it posed no threat to Queensland.

"I don't think it's going to develop into a strong system so maybe a category two at the max which can pull a punch," he said.

"Even if it didn't develop into a tropical cyclone the main threat was always going to be rain with this system - especially if it moves slowly.

"Queensland has nothing to do ... no threat at all to Queensland.

"It's going to stay well out to sea so it's not even in the Coral Sea, it's actually north of the Coral Sea.

"It's just that our area of responsibility also covers the Solomon Islands."

Forecaster David Grant said the system's effects would worsen into Thursday, but Queensland would remain unaffected.

"It's moving in a south-westwards direction at the moment and is expected to intensify as it approaches the Solomon Islands group during today and into Thursday," he said.

"We've never had a July tropical cyclone in the Queensland region before.

"There's absolutely no threat to Queensland whatsoever, however for people in the Solomon Islands and parts of Papua New Guinea there is quite a significant risk of heavy rainfall over forthcoming days and the prospect of gale-force to possibly storm-force winds today and into tomorrow."

Australia has only had one other officially declared July cyclone, which formed off Western Australia in 1996.

The official tropical cyclone season runs from November 1 to April 30.