diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2bab97f7..e8ae94f5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@ All notable changes to this project will be documented in this file.
 This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 ## [Unreleased]
 
+## [0.16.1] - 2024-12-12
+
 ### Changed
 - `pw.io.s3.read` now monitors object deletions and modifications in the S3 source, when ran in streaming mode. When an object is deleted in S3, it is also removed from the engine. Similarly, if an object is modified in S3, the engine updates its state to reflect those changes.
 - `pw.io.s3.read` now supports `with_metadata` flag, which makes it possible to attach the metadata of the source object to the table entries.
diff --git a/Cargo.lock b/Cargo.lock
index 17af63c0..45bb7a8b 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4000,7 +4000,7 @@ checksum = "57c0d7b74b563b49d38dae00a0c37d4d6de9b432382b2892f0574ddcae73fd0a"
 
 [[package]]
 name = "pathway"
-version = "0.16.0"
+version = "0.16.1"
 dependencies = [
  "arc-swap",
  "arcstr",
diff --git a/Cargo.toml b/Cargo.toml
index cfc6f53c..e00cc196 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "pathway"
-version = "0.16.0"
+version = "0.16.1"
 edition = "2021"
 publish = false
 rust-version = "1.79"