The central bank of Iceland, i.e. the Sedlabanki, cuts its key interest rate to 5.50 percent, a somewhat deeper cut than had been expected. This is part of an ongoing policy of expanding the money supply in response to the crisis of 2008.
The Irish Aviation Authority closes Donegal Airport, cancels at least two flights and announces the closure of all airspace in Ireland on Monday due to Icelandic volcanic ash, while British Airports, including some in Scotland, may also be affected due to continued eruptions of Eyjafjallajökull volcano.
An American Boeing 767 passenger jet makes an emergency landing in Iceland after reports of chemical fumes in the cabin. A spokesman for Keflavik airport outside Reykjavík says several crew members on the American Airlines flight had complained of dizziness.