Construction

CRH boss says it is ‘inevitable’ that interest rates will fall again

The company said the recent surge in the cost of borrowing, which has made mortgages more expensive, is a ‘speed-bump’

The company expects house building to be a strong source of revenue. Picture: Rollingnews.ie

The chief executive of CRH has said it is “inevitable” that interest rates will eventually fall again.

The building materials firm, the largest company listed on the Irish exchange, today reported a 12 per cent rise in sales and a 10 per cent rise in profits during its 2022 financial year.

The firm also said it will move its primary stock market listing to the US, although it will remain headquartered and tax resident in ...