diff --git a/CHANGES.md b/CHANGES.md
index 7188f9444..532b30e23 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,11 +1,22 @@
+Synapse 1.32.2 (2021-04-22)
+===========================
+
+This release includes a fix for a regression introduced in 1.32.0.
+
+Bugfixes
+--------
+
+- Fix a regression in Synapse 1.32.0 and 1.32.1 which caused `LoggingContext` errors in plugins. ([\#9857](https://github.com/matrix-org/synapse/issues/9857))
+
+
 Synapse 1.32.1 (2021-04-21)
 ===========================
 
 This release fixes [a regression](https://github.com/matrix-org/synapse/issues/9853)
-in Synapse 1.32.0 that caused connected Prometheus instances to become unstable. If you
-ran Synapse 1.32.0 with Prometheus metrics, first upgrade to Synapse 1.32.1 and follow
-[these instructions](https://github.com/matrix-org/synapse/pull/9854#issuecomment-823472183)
-to clean up any excess writeahead logs.
+in Synapse 1.32.0 that caused connected Prometheus instances to become unstable. 
+
+However, as this release is still subject to the `LoggingContext` change in 1.32.0,
+it is recommended to remain on or downgrade to 1.31.0.
 
 Bugfixes
 --------
@@ -18,7 +29,14 @@ Synapse 1.32.0 (2021-04-20)
 
 **Note:** This release introduces [a regression](https://github.com/matrix-org/synapse/issues/9853)
 that can overwhelm connected Prometheus instances. This issue was not present in
-1.32.0rc1, and is fixed in 1.32.1. See the changelog for 1.32.1 above for more information.
+1.32.0rc1. If affected, it is recommended to downgrade to 1.31.0 in the meantime, and 
+follow [these instructions](https://github.com/matrix-org/synapse/pull/9854#issuecomment-823472183)
+to clean up any excess writeahead logs.
+
+**Note:** This release also mistakenly included a change that may affected Synapse 
+modules that import `synapse.logging.context.LoggingContext`, such as
+[synapse-s3-storage-provider](https://github.com/matrix-org/synapse-s3-storage-provider).
+This will be fixed in a later Synapse version.
 
 **Note:** This release requires Python 3.6+ and Postgres 9.6+ or SQLite 3.22+.
 
diff --git a/UPGRADE.rst b/UPGRADE.rst
index 76d2ee394..6af35bc38 100644
--- a/UPGRADE.rst
+++ b/UPGRADE.rst
@@ -93,11 +93,11 @@ Regression causing connected Prometheus instances to become overwhelmed
 
 This release introduces `a regression <https://github.com/matrix-org/synapse/issues/9853>`_
 that can overwhelm connected Prometheus instances. This issue is not present in
-Synapse v1.32.0rc1, and is fixed in Synapse v1.32.1.
+Synapse v1.32.0rc1.
 
-If you have been affected, please first upgrade to a more recent Synapse version.
-You then may need to remove excess writeahead logs in order for Prometheus to recover.
-Instructions for doing so are provided
+If you have been affected, please downgrade to 1.31.0. You then may need to
+remove excess writeahead logs in order for Prometheus to recover. Instructions
+for doing so are provided
 `here <https://github.com/matrix-org/synapse/pull/9854#issuecomment-823472183>`_.
 
 Dropping support for old Python, Postgres and SQLite versions
diff --git a/debian/changelog b/debian/changelog
index b8cf2cac5..fd33bfda5 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+matrix-synapse-py3 (1.32.2) stable; urgency=medium
+
+  * New synapse release 1.32.2.
+
+ -- Synapse Packaging team <packages@matrix.org>  Wed, 22 Apr 2021 12:43:52 +0100
+
 matrix-synapse-py3 (1.32.1) stable; urgency=medium
 
   * New synapse release 1.32.1.
diff --git a/synapse/__init__.py b/synapse/__init__.py
index a0332d602..781f5ac3a 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -48,7 +48,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.32.1"
+__version__ = "1.32.2"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when
diff --git a/synapse/logging/context.py b/synapse/logging/context.py
index dbd7d3a33..7fc11a9ac 100644
--- a/synapse/logging/context.py
+++ b/synapse/logging/context.py
@@ -258,7 +258,8 @@ class LoggingContext:
           child to the parent
 
     Args:
-        name (str): Name for the context for debugging.
+        name: Name for the context for logging. If this is omitted, it is
+           inherited from the parent context.
         parent_context (LoggingContext|None): The parent of the new context
     """
 
@@ -277,12 +278,11 @@ class LoggingContext:
 
     def __init__(
         self,
-        name: str,
+        name: Optional[str] = None,
         parent_context: "Optional[LoggingContext]" = None,
         request: Optional[ContextRequest] = None,
     ) -> None:
         self.previous_context = current_context()
-        self.name = name
 
         # track the resources used by this context so far
         self._resource_usage = ContextResourceUsage()
@@ -314,6 +314,15 @@ class LoggingContext:
             # the request param overrides the request from the parent context
             self.request = request
 
+        # if we don't have a `name`, but do have a parent context, use its name.
+        if self.parent_context and name is None:
+            name = str(self.parent_context)
+        if name is None:
+            raise ValueError(
+                "LoggingContext must be given either a name or a parent context"
+            )
+        self.name = name
+
     def __str__(self) -> str:
         return self.name