diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4dcd7ec5..9890a155 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 ## [Unreleased]
 
+## [v0.16.1] - 2023-06-24
+
  - bors bot replaced with GH merge queue
  - Integrate new version of stm32_i2s (v0.5) to enable full-duplex operation
  - Add a rtic example to show how to do full-duplex i2s
@@ -880,7 +882,8 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 
 - Support for stm32f407 and stm32f429.
 
-[Unreleased]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.16.0...HEAD
+[Unreleased]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.16.1...HEAD
+[v0.16.1]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.16.0...v0.16.1
 [v0.16.0]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.15.0...v0.16.0
 [v0.15.0]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.14.0...v0.15.0
 [v0.14.0]: https://github.com/stm32-rs/stm32f4xx-hal/compare/v0.13.2...v0.14.0
diff --git a/Cargo.toml b/Cargo.toml
index 7bb0ba04..79ec5bce 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -20,7 +20,7 @@ license = "0BSD"
 name = "stm32f4xx-hal"
 readme = "README.md"
 repository = "https://github.com/stm32-rs/stm32f4xx-hal"
-version = "0.16.0"
+version = "0.16.1"
 
 [package.metadata.docs.rs]
 features = ["stm32f429", "usb_fs", "can", "i2s", "fsmc_lcd", "rtic", "defmt"]
diff --git a/README.md b/README.md
index c8298456..f2a1772f 100644
--- a/README.md
+++ b/README.md
@@ -93,7 +93,7 @@ cortex-m-rt = "0.7"
 panic-halt = "0.2"
 
 [dependencies.stm32f4xx-hal]
-version = "0.16.0"
+version = "0.16.1"
 features = ["stm32f407"] # replace the model of your microcontroller here
                          # and add other required features
 ```