diff --git a/NEWS b/NEWS
index 74b331f12..46452333d 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,13 @@
+3.16.2
+======
+* Fix scroll button setting [Ondrej; #747967]
+* Don't reset idle time for non-hardware events [Rui; #748541]
+* Honor default value for click method setting [Rui; #746290]
+* Misc. bug fixes [Rui; #748478]
+
+Contributors:
+  Carlos Garnacho, Ondrej Holy, Rui Matos
+
 3.16.1.1
 ========
 * Prevent a crash when switching VTs or adding input devices [Carlos; #747886]
diff --git a/configure.ac b/configure.ac
index eaa4904a0..846124c5d 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,7 +2,7 @@ AC_PREREQ(2.62)
 
 m4_define([mutter_major_version], [3])
 m4_define([mutter_minor_version], [16])
-m4_define([mutter_micro_version], [1.1])
+m4_define([mutter_micro_version], [2])
 
 m4_define([mutter_version],
           [mutter_major_version.mutter_minor_version.mutter_micro_version])