Tech salaries up, inflation down

Israel’s tech sector continued to expand in 2023 with salaries increasing by around 3%. Although exports of services fell generally, in the tech sector they increased by 1.6%. Meanwhile Israel’s inflation rate fell to 3% – within the Bank of Israel’s target range, allowing it to cut interest rates.

https://en.globes.co.il/en/article-tech-salaries-in-israel-rose-in-2023-1001468626

https://www.timesofisrael.com/amid-ongoing-war-bank-of-israel-cuts-borrowing-costs-for-1st-time-since-april-2022/

https://en.globes.co.il/en/article-december-cpi-fell-as-inflation-drops-to-target-range-1001467828

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