Since Monterey 12.3, I have noticed some odd behaviour in Microsoft Word. (I have 365 and it is up-to-date.)
The position of the cursor on-screen is wrong. Sometimes it just seems to be at a position a few characters left or right, or lines up, or down, from where it should be. If I type, the characters might appear in the wrong place, or not at all. Just have to page up then down, and it resolves.
As it is so easy to (temporarily) fix, it isn't a major issue. I find the characters in the wrong place, or not present, and have to make a minor correction.
It appears to be a miscommunication between macOS/display driver and Word.