diff --git a/NEWS b/NEWS
index 39d68571b14566dac1d0f854f0464981b90ad20d..0a9708c4823a8660b269a383684154517dbcfaa8 100644
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+++ b/NEWS
@@ -1,3 +1,40 @@
+Announcement for Dynare 4.3.2 (on 2013-01-18)
+=============================================
+
+We are pleased to announce the release of Dynare 4.3.2.
+
+This is a bugfix release.
+
+The Windows packages are already available for download at:
+
+ http://www.dynare.org/download/dynare-stable
+
+The Mac and GNU/Linux packages (for Debian and Ubuntu) should follow soon.
+
+All users are encouraged to upgrade.
+
+The new release is compatible with MATLAB versions ranging from 7.0 (R14) to
+8.0 (R2012b) and with GNU Octave versions ranging from 3.2 to 3.6.
+
+Here is a list of the problems identified in version 4.3.1 and that have been
+fixed in version 4.3.2:
+
+ - Computation of posterior distribution of unconditional variance
+   decomposition was sometimes crashing (only for very large models)
+
+ - Estimation with `mode_compute=6' was sometimes crashing
+
+ - Derivative of erf() function was incorrect
+
+ - The `check' command was not setting `oo_.dr.eigval' unless `stoch_simul' was
+   also used
+
+ - Computation of conditional forecast when the constraint is only on
+   one period was buggy
+
+ - Estimation with `mode_compute=3' was crashing under Octave
+
+
 Announcement for Dynare 4.3.1 (on 2012-10-10)
 =============================================