diff --git a/CHANGELOG.md b/CHANGELOG.md
index 775074e82..5619f0bbb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,14 @@ This project follows [Keep a Changelog](https://keepachangelog.com/en/1.0.0/) fo
 
 ## [Unreleased]
 
+## [1.16.1] - 2023-07-19
+
+* Fix: idempotency timeout bug (#1285) by @scottgerring
+* Fix: ParamManager cannot provide default SSM & Secrets providers (#1282) by @jeromevdl
+* Fix: Handle batch failures in FIFO queues correctly (#1183) by @scottgerring
+* Deps: Bump third party dependencies to the latest versions.
+
+
 ## [1.16.0] - 2023-06-29
 
 
diff --git a/README.md b/README.md
index 0a7cd0112..a841e7df7 100644
--- a/README.md
+++ b/README.md
@@ -20,17 +20,17 @@ Powertools for AWS Lambda (Java) is available in Maven Central. You can use your
     <dependency>
         <groupId>software.amazon.lambda</groupId>
         <artifactId>powertools-tracing</artifactId>
-        <version>1.16.0</version>
+        <version>1.16.1</version>
     </dependency>
     <dependency>
         <groupId>software.amazon.lambda</groupId>
         <artifactId>powertools-logging</artifactId>
-        <version>1.16.0</version>
+        <version>1.16.1</version>
     </dependency>
     <dependency>
         <groupId>software.amazon.lambda</groupId>
         <artifactId>powertools-metrics</artifactId>
-        <version>1.16.0</version>
+        <version>1.16.1</version>
     </dependency>
     ...
 </dependencies>
diff --git a/examples/pom.xml b/examples/pom.xml
index c9b8ea8ae..9ea82d99a 100644
--- a/examples/pom.xml
+++ b/examples/pom.xml
@@ -6,7 +6,7 @@
 
     <groupId>software.amazon.lambda</groupId>
     <artifactId>powertools-examples</artifactId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <packaging>pom</packaging>
 
     <name>Powertools for AWS Lambda (Java) library Examples</name>
diff --git a/examples/powertools-examples-cloudformation/pom.xml b/examples/powertools-examples-cloudformation/pom.xml
index 198a85894..3fd582e32 100644
--- a/examples/powertools-examples-cloudformation/pom.xml
+++ b/examples/powertools-examples-cloudformation/pom.xml
@@ -3,7 +3,7 @@
     <modelVersion>4.0.0</modelVersion>
 
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-cloudformation</artifactId>
     <packaging>jar</packaging>
 
diff --git a/examples/powertools-examples-core/pom.xml b/examples/powertools-examples-core/pom.xml
index a5d854d6b..e956c74bc 100644
--- a/examples/powertools-examples-core/pom.xml
+++ b/examples/powertools-examples-core/pom.xml
@@ -3,7 +3,7 @@
     <modelVersion>4.0.0</modelVersion>
 
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-core</artifactId>
     <packaging>jar</packaging>
     
diff --git a/examples/powertools-examples-idempotency/pom.xml b/examples/powertools-examples-idempotency/pom.xml
index 0607fdd14..a5e779c2d 100644
--- a/examples/powertools-examples-idempotency/pom.xml
+++ b/examples/powertools-examples-idempotency/pom.xml
@@ -3,7 +3,7 @@
     <modelVersion>4.0.0</modelVersion>
     
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-idempotency</artifactId>
     <packaging>jar</packaging>
     <name>Powertools for AWS Lambda (Java) library Examples - Idempotency</name>
diff --git a/examples/powertools-examples-parameters/pom.xml b/examples/powertools-examples-parameters/pom.xml
index c4631fd05..2104b151f 100644
--- a/examples/powertools-examples-parameters/pom.xml
+++ b/examples/powertools-examples-parameters/pom.xml
@@ -2,7 +2,7 @@
     xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/maven-v4_0_0.xsd">
     <modelVersion>4.0.0</modelVersion>
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-parameters</artifactId>
     <packaging>jar</packaging>
     <name>Powertools for AWS Lambda (Java) library Examples - Parameters</name>
diff --git a/examples/powertools-examples-serialization/pom.xml b/examples/powertools-examples-serialization/pom.xml
index 4974842dd..82a8af5ba 100644
--- a/examples/powertools-examples-serialization/pom.xml
+++ b/examples/powertools-examples-serialization/pom.xml
@@ -2,7 +2,7 @@
          xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/maven-v4_0_0.xsd">
     <modelVersion>4.0.0</modelVersion>
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-serialization</artifactId>
     <packaging>jar</packaging>
     <name>Powertools for AWS Lambda (Java) library Examples - Serialization</name>
diff --git a/examples/powertools-examples-sqs/pom.xml b/examples/powertools-examples-sqs/pom.xml
index c5b811678..ea3842de0 100644
--- a/examples/powertools-examples-sqs/pom.xml
+++ b/examples/powertools-examples-sqs/pom.xml
@@ -2,7 +2,7 @@
     xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/maven-v4_0_0.xsd">
     <modelVersion>4.0.0</modelVersion>
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-sqs</artifactId>
     <packaging>jar</packaging>
     <name>Powertools for AWS Lambda (Java) library Examples - SQS</name>
diff --git a/examples/powertools-examples-validation/pom.xml b/examples/powertools-examples-validation/pom.xml
index 455fd66b8..89f823a55 100644
--- a/examples/powertools-examples-validation/pom.xml
+++ b/examples/powertools-examples-validation/pom.xml
@@ -2,7 +2,7 @@
     xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/maven-v4_0_0.xsd">
     <modelVersion>4.0.0</modelVersion>
     <groupId>software.amazon.lambda.examples</groupId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <artifactId>powertools-examples-validation</artifactId>
     <packaging>jar</packaging>
     <name>Powertools for AWS Lambda (Java) library Examples - Validation</name>
diff --git a/mkdocs.yml b/mkdocs.yml
index 5fd3206b0..da00b24d1 100644
--- a/mkdocs.yml
+++ b/mkdocs.yml
@@ -83,7 +83,7 @@ extra_javascript:
 
 extra:
   powertools:
-    version: 1.16.0 # to update after each release (we do not want snapshot version here)
+    version: 1.16.1 # to update after each release (we do not want snapshot version here)
 
 repo_url: https://github.com/aws-powertools/powertools-lambda-java
 edit_uri: edit/main/docs
diff --git a/pom.xml b/pom.xml
index f0c671883..152035061 100644
--- a/pom.xml
+++ b/pom.xml
@@ -6,7 +6,7 @@
 
     <groupId>software.amazon.lambda</groupId>
     <artifactId>powertools-parent</artifactId>
-    <version>1.17.0-SNAPSHOT</version>
+    <version>1.16.1</version>
     <packaging>pom</packaging>
 
     <name>Powertools for AWS Lambda (Java) library Parent</name>
diff --git a/powertools-cloudformation/pom.xml b/powertools-cloudformation/pom.xml
index 3a846c378..0d1a3e45b 100644
--- a/powertools-cloudformation/pom.xml
+++ b/powertools-cloudformation/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java)library Cloudformation</name>
diff --git a/powertools-core/pom.xml b/powertools-core/pom.xml
index cf9ad45d1..63867e8d6 100644
--- a/powertools-core/pom.xml
+++ b/powertools-core/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library Core</name>
diff --git a/powertools-e2e-tests/handlers/pom.xml b/powertools-e2e-tests/handlers/pom.xml
index ae26364dd..d08ede7e9 100644
--- a/powertools-e2e-tests/handlers/pom.xml
+++ b/powertools-e2e-tests/handlers/pom.xml
@@ -10,7 +10,7 @@
     <description>Fake handlers that use Powertools for AWS Lambda (Java).</description>
 
     <properties>
-        <lambda.powertools.version>1.17.0-SNAPSHOT</lambda.powertools.version>
+        <lambda.powertools.version>1.16.1</lambda.powertools.version>
         <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
         <maven.compiler.source>1.8</maven.compiler.source>
         <maven.compiler.target>1.8</maven.compiler.target>
diff --git a/powertools-e2e-tests/pom.xml b/powertools-e2e-tests/pom.xml
index 8754117db..27782d4c5 100644
--- a/powertools-e2e-tests/pom.xml
+++ b/powertools-e2e-tests/pom.xml
@@ -6,7 +6,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <artifactId>powertools-e2e-tests</artifactId>
diff --git a/powertools-idempotency/pom.xml b/powertools-idempotency/pom.xml
index cb4d9b802..f8856b00d 100644
--- a/powertools-idempotency/pom.xml
+++ b/powertools-idempotency/pom.xml
@@ -7,7 +7,7 @@
     <parent>
         <groupId>software.amazon.lambda</groupId>
         <artifactId>powertools-parent</artifactId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <artifactId>powertools-idempotency</artifactId>
diff --git a/powertools-logging/pom.xml b/powertools-logging/pom.xml
index 767fbd3ee..a84de6b2f 100644
--- a/powertools-logging/pom.xml
+++ b/powertools-logging/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library Logging</name>
diff --git a/powertools-metrics/pom.xml b/powertools-metrics/pom.xml
index ed2d2f815..413ac3ba1 100644
--- a/powertools-metrics/pom.xml
+++ b/powertools-metrics/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library Metrics</name>
diff --git a/powertools-parameters/pom.xml b/powertools-parameters/pom.xml
index b50844d99..5013ba4c0 100644
--- a/powertools-parameters/pom.xml
+++ b/powertools-parameters/pom.xml
@@ -7,7 +7,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <artifactId>powertools-parameters</artifactId>
diff --git a/powertools-serialization/pom.xml b/powertools-serialization/pom.xml
index f21ecb412..9481f38fa 100644
--- a/powertools-serialization/pom.xml
+++ b/powertools-serialization/pom.xml
@@ -7,7 +7,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <artifactId>powertools-serialization</artifactId>
diff --git a/powertools-sqs/pom.xml b/powertools-sqs/pom.xml
index 618aa948c..b6ae9da90 100644
--- a/powertools-sqs/pom.xml
+++ b/powertools-sqs/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library SQS</name>
diff --git a/powertools-test-suite/pom.xml b/powertools-test-suite/pom.xml
index 5737296da..bde7b7176 100644
--- a/powertools-test-suite/pom.xml
+++ b/powertools-test-suite/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library Test Suite</name>
diff --git a/powertools-tracing/pom.xml b/powertools-tracing/pom.xml
index 42a229f42..51315d6a0 100644
--- a/powertools-tracing/pom.xml
+++ b/powertools-tracing/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) library Tracing</name>
diff --git a/powertools-validation/pom.xml b/powertools-validation/pom.xml
index 1469183ef..293c599f6 100644
--- a/powertools-validation/pom.xml
+++ b/powertools-validation/pom.xml
@@ -10,7 +10,7 @@
     <parent>
         <artifactId>powertools-parent</artifactId>
         <groupId>software.amazon.lambda</groupId>
-        <version>1.17.0-SNAPSHOT</version>
+        <version>1.16.1</version>
     </parent>
 
     <name>Powertools for AWS Lambda (Java) validation library</name>