diff --git a/gutenberg.php b/gutenberg.php
index bcc941f2cb83f9..92f935669fc46e 100644
--- a/gutenberg.php
+++ b/gutenberg.php
@@ -5,7 +5,7 @@
  * Description: Printing since 1440. This is the development plugin for the block editor, site editor, and other future WordPress core functionality.
  * Requires at least: 6.6
  * Requires PHP: 7.2
- * Version: 19.8.0
+ * Version: 19.9.0-rc.1
  * Author: Gutenberg Team
  * Text Domain: gutenberg
  *
diff --git a/package-lock.json b/package-lock.json
index 0b0dbbb0905cbd..55ddf782bf4fcc 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
 	"name": "gutenberg",
-	"version": "19.8.0",
+	"version": "19.9.0-rc.1",
 	"lockfileVersion": 3,
 	"requires": true,
 	"packages": {
 		"": {
 			"name": "gutenberg",
-			"version": "19.8.0",
+			"version": "19.9.0-rc.1",
 			"hasInstallScript": true,
 			"license": "GPL-2.0-or-later",
 			"workspaces": [
diff --git a/package.json b/package.json
index f935ac7250d1c0..dbf69043c58292 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "19.8.0",
+	"version": "19.9.0-rc.1",
 	"private": true,
 	"description": "A new WordPress editor experience.",
 	"author": "The WordPress Contributors",
diff --git a/packages/components/CHANGELOG.md b/packages/components/CHANGELOG.md
index 6a7b2545c2e68c..2dc35bd54b3eeb 100644
--- a/packages/components/CHANGELOG.md
+++ b/packages/components/CHANGELOG.md
@@ -45,6 +45,7 @@
 ### Bug Fixes
 
 -   `ResizableBox`: Make drag handles focusable ([#67305](https://github.com/WordPress/gutenberg/pull/67305)).
+-   `CustomSelectControl`: Update correctly when `showSelectedHint` is enabled ([#67733](https://github.com/WordPress/gutenberg/pull/67733)).
 
 ## 28.13.0 (2024-11-27)
 
diff --git a/packages/components/src/custom-select-control/index.tsx b/packages/components/src/custom-select-control/index.tsx
index 74da8a5c741060..339944f4198722 100644
--- a/packages/components/src/custom-select-control/index.tsx
+++ b/packages/components/src/custom-select-control/index.tsx
@@ -154,11 +154,11 @@ function CustomSelectControl< T extends CustomSelectOption >(
 	const renderSelectedValueHint = () => {
 		const selectedOptionHint = options
 			?.map( applyOptionDeprecations )
-			?.find( ( { name } ) => currentValue === name )?.hint;
+			?.find( ( { name } ) => store.getState().value === name )?.hint;
 
 		return (
 			<Styled.SelectedExperimentalHintWrapper>
-				{ currentValue }
+				{ store.getState().value }
 				{ selectedOptionHint && (
 					<Styled.SelectedExperimentalHintItem
 						// Keeping the classname for legacy reasons