WESTPAC chief Gail Kelly has foreshadowed another rate rise this year as the Reserve Bank again moves to prevent Australia's resources-driven economy from boiling over.

The official interest rate was likely to remain on hold for several months as businesses and households continued to show an aversion to debt, before climbing in about September, Ms Kelly said yesterday.

Let's see what transpires over the next few months, and if Westpac are on the money with their prediction.

Read more: September the tip for interest rate rise