The study aimed to analyze the impact of monetary policy on economic growth in Malaysia during the period from 1997 to 2022, using the Autoregressive Distributed Lag (ARDL) model. The focus was on examining the effects of monetary policy variables such as inflation rate (INF), foreign direct investment (FDI), interest rate (R), real exchange rate (EX), and trade openness (TO) on the gross domestic product (GDP), which is considered a key indicator of economic growth. The results revealed a long-term equilibrium relationship between GDP and these independent variables, indicating that foreign direct investment has a significant positive impact on economic growth, while the interest rate showed a negative impact on GDP. The error correction test results indicated that 93.6% of the deviation from the long-term equilibrium is corrected within one period, reflecting the model’s swift adjustment towards equilibrium. Based on these findings, the study presented recommendations to enhance foreign direct investment, achieve price stability, develop interest rate policies, and promote trade openness. The lessons learned from these results were also reviewed for potential application in the Arab Republic of Egypt. The study emphasized that Egyptian government policies should focus on enhancing infrastructure, improving the investment environment, and achieving price stability to support sustainable and inclusive economic growth. The recommendations included improving interest rate management and controlling inflation as essential steps to achieve sustainable economic growth and economic stability in Egypt. Keywords: Monetary policy, Economic growth, Foreign investments, Inflation rate, Interest rate, Malaysia, Economic stability, Autoregressive Distributed Lag (ARDL) model