diff --git a/project/Build.scala b/project/Build.scala
index 88b6f051cf88..aad5131087bd 100644
--- a/project/Build.scala
+++ b/project/Build.scala
@@ -102,7 +102,7 @@ object Build {
    *
    *  Warning: Change of this variable needs to be consulted with `expectedTastyVersion`
    */
-  val referenceVersion = "3.7.1"
+  val referenceVersion = "3.7.2-RC1"
 
   /** Version of the Scala compiler targeted in the current release cycle
    *  Contains a version without RC/SNAPSHOT/NIGHTLY specific suffixes
@@ -113,7 +113,7 @@ object Build {
    *
    *  Warning: Change of this variable might require updating `expectedTastyVersion`
    */
-  val developedVersion = "3.7.2"
+  val developedVersion = "3.7.3"
 
   /** The version of the compiler including the RC prefix.
    *  Defined as common base before calculating environment specific suffixes in `dottyVersion`