"Operational indicators of economic activity indicate a pause in economic recovery in the IV quarter," - said in a statement on the regulator's website.

It is noted that the decline in GDP in 2020 may be about 4%.

"In the spring of 2021, a steady resumption of growth in the Russian economy is expected as the situation with the disease normalizes," the Central Bank said.

Earlier it became known that the Bank of Russia kept the rate at 4.25%.