Sri Lanka, March 24 -- The Central Bank of Sri Lanka (CSBL) announced yesterday that it would immediately review its recent 70 percent salary hike granted to all employees in view of the concerns expressed by a cross section of society and the public discourse it has created.

In a news release issued yesterday, the CBSL stated that the recent salary revision for 2024-2026 effected following a collective agreement between the Governing Board and the employee representatives, created much discourse among the public.

The release stated that in response to this situation, a majority of the senior management and professionals of CBSL made a collective decision to consider a revision to their salaries. This decision was communicated to the Co...