Theories of verbal self-monitoring generally assume an internal (pre-articulatory) monitoring channel, but there is debate about whether this channel relies on speech perception or on production-internal mechanisms. Perception-based theories predict that listening to one's own inner speech has similar behavioral consequences as listening to someone else's speech. Our experiment therefore registered eye-movements while speakers named objects accompanied by phonologically related or unrelated written words. The data showed that listening to one's own speech drives eye-movements to phonologically related words, just as listening to someone else's speech does in perception experiments. The time-course of these eye-movements was very similar to that in other-perception (starting 300 ms post-articulation), which demonstrates that these eye-movements were driven by the perception of overt speech, not inner speech. We conclude that external, but not internal monitoring, is based on speech perception.