diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index b4e9013b..dc93a589 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.16.0"
+  ".": "0.16.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 98d39631..a9809055 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,30 @@
 # Changelog
 
+## 0.16.1 (2024-03-01)
+
+Full Changelog: [v0.16.0...v0.16.1](https://github.com/anthropics/anthropic-sdk-python/compare/v0.16.0...v0.16.1)
+
+### Chores
+
+* **client:** use anyio.sleep instead of asyncio.sleep ([#351](https://github.com/anthropics/anthropic-sdk-python/issues/351)) ([2778a22](https://github.com/anthropics/anthropic-sdk-python/commit/2778a2228e82704dde9176d970274e806422c02b))
+* **docs:** mention install from git repo ([#356](https://github.com/anthropics/anthropic-sdk-python/issues/356)) ([9d503ba](https://github.com/anthropics/anthropic-sdk-python/commit/9d503ba9cc462e33166594ca19f666819a3a5a87))
+* **docs:** remove references to old bedrock package ([#344](https://github.com/anthropics/anthropic-sdk-python/issues/344)) ([3323883](https://github.com/anthropics/anthropic-sdk-python/commit/3323883750b9d61fa084cadc99519b2f6cf8d39c))
+* **internal:** bump pyright ([#350](https://github.com/anthropics/anthropic-sdk-python/issues/350)) ([ee0161c](https://github.com/anthropics/anthropic-sdk-python/commit/ee0161c2d7d2fefd06ee5b1001131cd6d6d236d7))
+* **internal:** bump rye to v0.24.0 ([#348](https://github.com/anthropics/anthropic-sdk-python/issues/348)) ([be8597b](https://github.com/anthropics/anthropic-sdk-python/commit/be8597b33c2f2f6e8b9ae77738f4c898e48c8e91))
+* **internal:** improve bedrock streaming setup ([#354](https://github.com/anthropics/anthropic-sdk-python/issues/354)) ([2b55c68](https://github.com/anthropics/anthropic-sdk-python/commit/2b55c688514e4b13abce547362f0c0a3e7f0e97f))
+* **internal:** refactor release environment script ([#347](https://github.com/anthropics/anthropic-sdk-python/issues/347)) ([a87443a](https://github.com/anthropics/anthropic-sdk-python/commit/a87443a90374aedaac80451f61046c6f1aefeaa9))
+* **internal:** update deps ([#349](https://github.com/anthropics/anthropic-sdk-python/issues/349)) ([ab82b2d](https://github.com/anthropics/anthropic-sdk-python/commit/ab82b2d7ce16f3fed4b20e60f0c8e7981c22c191))
+
+
+### Documentation
+
+* **contributing:** improve wording ([#355](https://github.com/anthropics/anthropic-sdk-python/issues/355)) ([f9093a0](https://github.com/anthropics/anthropic-sdk-python/commit/f9093a0ee8d590185f572749d58280f7eda5ed8b))
+
+
+### Refactors
+
+* **api:** mark completions API as legacy ([#346](https://github.com/anthropics/anthropic-sdk-python/issues/346)) ([2bb25a1](https://github.com/anthropics/anthropic-sdk-python/commit/2bb25a12509b87557f3da2125ab955b60e32713f))
+
 ## 0.16.0 (2024-02-13)
 
 Full Changelog: [v0.15.1...v0.16.0](https://github.com/anthropics/anthropic-sdk-python/compare/v0.15.1...v0.16.0)
diff --git a/pyproject.toml b/pyproject.toml
index bab96561..4306fb65 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "anthropic"
-version = "0.16.0"
+version = "0.16.1"
 description = "The official Python library for the anthropic API"
 readme = "README.md"
 license = "MIT"
diff --git a/src/anthropic/_version.py b/src/anthropic/_version.py
index 6cd53eaf..1e2ab196 100644
--- a/src/anthropic/_version.py
+++ b/src/anthropic/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless.
 
 __title__ = "anthropic"
-__version__ = "0.16.0"  # x-release-please-version
+__version__ = "0.16.1"  # x-release-please-version