Any messy code organization or dependency issue you can have in a monorepo, you can also have in polyrepos. Any automation or central controllership you can have in a monorepo, you can also have in polyrepos. Any scale-out chores or overhead work you can have with polyrepos, you can also have with monorepo.

The issues of monolith / poorly coupled dependency applications vs microservices has absolutely nothing to do with monorepo vs polyrepos. Neither option makes any class of tooling easier / harder to build or maintain. Neither makes conceptual organization easier / harder to get right, neither makes discoverability or cross-referencing easier or harder. That whole axis of concern is just fundamentally unrelated to the application monolith vs microservices question.