diff --git a/VERSION b/VERSION
index c848fb9c..944880fa 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.1.8
+3.2.0
diff --git a/lang/messages.pot b/lang/messages.pot
index fbfc0ca0..7a4aa7dc 100644
--- a/lang/messages.pot
+++ b/lang/messages.pot
@@ -8,7 +8,7 @@ msgid ""
 msgstr ""
 "Project-Id-Version: mintty\n"
 "Report-Msgid-Bugs-To: \n"
-"POT-Creation-Date: 2020-06-08 15:48+0200\n"
+"POT-Creation-Date: 2020-06-20 19:40+0200\n"
 "PO-Revision-Date: YEAR-MO-DA HO:MI+ZONE\n"
 "Last-Translator: FULL NAME <EMAIL@ADDRESS>\n"
 "Language-Team: LANGUAGE <LL@li.org>\n"
diff --git a/src/appinfo.h b/src/appinfo.h
index 9d94521e..bbe1a7e9 100644
--- a/src/appinfo.h
+++ b/src/appinfo.h
@@ -5,8 +5,8 @@
 #define WEBSITE "http://mintty.github.io/"
 
 #define MAJOR_VERSION  3
-#define MINOR_VERSION  1
-#define PATCH_NUMBER   8
+#define MINOR_VERSION  2
+#define PATCH_NUMBER   0
 #define BUILD_NUMBER   0
 
 // needed for res.rc
diff --git a/wiki/Changelog.md b/wiki/Changelog.md
index 2daa746a..94db3a8c 100644
--- a/wiki/Changelog.md
+++ b/wiki/Changelog.md
@@ -1,3 +1,5 @@
+### 3.2.0 (20 June 2020) ###
+
 Sixel and image display
   * For overlapping images, fixed background and clipping borders (~#1010).
   * Avoid image flickering by revised image list rendering strategy (#1010).