The impact of monetary policy on the global economy has broad and complex consequences. When central banks, such as the Federal Reserve in the United States or the European Central Bank, change interest rates or engage in quantitative easing, the impact can be felt throughout the world. One of the most direct impacts is changes in capital flows. Loose monetary policy, for example, often attracts foreign investment flows to countries with low interest rates. This can lead to depreciation of the local currency, which in turn encourages exports, but also increases the cost of imports. Developing countries that often depend on foreign investment can feel the negative effects of these fluctuations, potentially leading to economic instability. Changes in interest rates also affect the cost of borrowing. When central banks lower interest rates, borrowing costs become cheaper, allowing companies and individuals to borrow more. As a result, consumption and investment increase, which can accelerate economic growth. However, in a global context, the impact may be different. Countries with high inflation may not feel the same positive impact, as lower interest rates are not sufficient to attract investment interest amidst higher risks. The impact of monetary policy on inflation is also significant. Expansionary policies can cause inflation to increase, especially if demand growth is not matched by an increase in supply. In an interconnected world, other countries may have to face higher inflation costs, which could raise concerns about the stability of their economies. On the other hand, tight monetary policy aims to control inflation but can lead to a decline in investment and consumption. In a global context, low-income countries often become victims when liquidity in global markets shrinks. This could trigger a recession and affect overall economic resilience, especially in regions with high levels of dependence on foreign aid. The influence of monetary policy is also felt in the global stock market. Rising interest rates often encourage investors to shift from higher-risk assets to safer views, triggering a worldwide stock sell-off. On the other hand, supportive monetary policy can encourage capital market growth, so that asset inflation occurs in many countries. No less important is the impact on the trade balance. Monetary policy can affect a country’s competitiveness in the global market. If a country applies low interest rates and its currency depreciates, the competitiveness of its export products can increase. However, on the other hand, countries that do not make appropriate adjustments could see their negative trade balances develop, adding to tensions in international trade relations. Differences in responses to monetary policy between countries also create challenges for international cooperation. Complex negotiations are needed to create a balance between developed and developing countries, as any monetary policy implemented could have a disproportionate impact, especially on more vulnerable economies. Overall, the impact of monetary policy on the global economy is highly dependent on the context, resilience and adaptation strategies of each country. The uncertainty arising from these policies is often a topic of discussion among economists and policy makers around the world.