Hi,
Regarding the bit of I2C_INTSTAT_MONIDLE_MASK bit, pls refer to the I2C status register as the following pic, I copied from UM11126.pdf(UM for LPC556x/2x).

If you want to use the monitoring function, you have to enable monitoring function in CFG register.

You can use the code to set the MONEN bit:
I2C0->CFG|=1<<2;
Hope it can help you
BR
XiangJun Rong