The impact of monetary policy on global economic growth is a complex topic and has many dimensions. Monetary policy, which is usually carried out by central banks, includes setting interest rates, regulating the money supply, and intervention in foreign exchange markets. This policy can have a major impact on overall economic growth both at the domestic and international levels. Low interest rates, as a monetary policy tool, can stimulate investment and consumption. When interest rates are lowered, borrowing costs become cheaper, encouraging companies to increase investment. This has the potential to create new jobs and encourage GDP growth. Conversely, high interest rates can curb borrowing and consumption, which can result in reduced economic growth. Apart from interest rates, central banks also use tools such as quantitative easing (QE) to increase liquidity in the market. QE programs can increase inflation in established developed countries, but they can also create risks to assets and increase market uncertainty. Developing countries often feel a greater impact from QE policies issued by developed countries, because sudden capital inflows and outflows can disrupt local economic stability. Exchange rate fluctuations are also an important aspect of monetary policy. Policies that affect exchange rates can have an impact on international trade. For example, if a country lowers its currency exchange rate to increase export competitiveness, this could accelerate short-term economic growth. However, excessive depreciation can have a negative impact on inflation and long-term economic stability. The impact of monetary policy can also be seen in a global context, where one country’s policies can significantly influence other countries. For example, a tightening of monetary policy in the US could lead to a strengthening of the dollar, which in turn could potentially hurt developing countries that owe a lot in dollars. This can slow global economic growth, especially when countries find it difficult to pay their debts. Monetary policy must also consider broader global economic conditions. Geopolitical uncertainty and climate change, for example, can influence central bank decisions. In a broader context, alignment between the monetary policies of major countries is very important so as not to create an imbalance that could harm the global economy. Attention to financial inclusion is another part of the impact of monetary policy. Policies that encourage access to financial services can strengthen economic growth. With increased access to loans, small and medium businesses can grow and contribute more to the economy. On the other hand, if monetary policy is too conservative, certain groups of society could be left out. Lastly, clarity and transparency of monetary policy is critical in determining market response. When central banks can communicate their intentions well, market confidence will increase, making room for more sustainable growth. Therefore, the impact of monetary policy on global economic growth depends not only on the function of the policy itself, but also on how well the policy is implemented and accepted by the market.