diff --git a/CMakeLists.txt b/CMakeLists.txt
index ded3308c0..933464cf6 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -44,10 +44,10 @@ set_property(GLOBAL PROPERTY USE_FOLDERS ON)
 # Build all of pika
 # ##################################################################################################
 set(PIKA_VERSION_MAJOR 0)
-set(PIKA_VERSION_MINOR 22)
-set(PIKA_VERSION_PATCH 2)
-set(PIKA_VERSION_DATE 20240209)
-set(PIKA_VERSION_TAG "-trunk")
+set(PIKA_VERSION_MINOR 23)
+set(PIKA_VERSION_PATCH 0)
+set(PIKA_VERSION_DATE 20240307)
+set(PIKA_VERSION_TAG "")
 
 set(PIKA_VERSION "${PIKA_VERSION_MAJOR}.${PIKA_VERSION_MINOR}.${PIKA_VERSION_PATCH}")
 set(PIKA_LIBRARY_VERSION "${PIKA_VERSION}")