The Catholic Church compiled the books of the bible. Who am I to contest the translations derived by hundreds of theologians over the course of 2000+ years of history.
Is private interpretation of the Bible condoned in the Bible Itself? No, it is not (2 Peter 1:20). Was individual interpretation of Scripture practiced by the early Christians or the Jews? Again, "NO" (Acts 8:29-35). The assertion that individuals can correctly interpret Scripture is false. Even the "founder" of Sola Scriptura (Martin Luther), near the end of his life, was afraid that "any milkmaid who could read" would found a new Christian denomination based on his or her "interpretation" of the Bible. Luther opened a "Pandora's Box" when he insisted that the Bible could be interpreted by individuals and that It is the sole authority of Christianity. Why do we have over 20,000 different non-Catholic Christian denominations? The reason is individuals' "different" interpretations of the Bible.
Can there be more than one interpretation of the Bible? No. The word "truth" is used several times in the New Testament. However, the plural version of the word "truth" never appears in Scripture. Therefore, there can only be one Truth. So how can there be over 20,000 non-Catholic Christian denominations all claiming to have the "Truth" (i.e., the correct interpretation of the Bible)? For that matter, aren't ALL non-Catholic Christians as individuals claiming "infallibility" when it comes to interpreting the Bible? Catholics only believe in the infallibility of the Papacy as an office. Which is more believable - one office holding infallibility or 400 million non-Catholic Christians who can't agree on the interpretation of Scripture all claiming "infallibility?" When it comes to interpreting Scripture, individual non-Catholic Christians claim the same infallibility as the Papacy. If one were to put two persons of the "same" non-Catholic Christian denomination (i.e., two Presybterians, two Lutherans, two Baptists, etc.) in separate rooms with a Bible and a notepad and ask them to write down their "interpretation" of the Bible, passage for passage, shouldn't they then produce the exact same interpretation? If guided by the Holy Spirit as Scripture states, the answer should be "Yes." But would that really happen? History has shown that the answer is "No." Now, in the case of Catholics, the Church which Christ founded and is with forever (Matthew 28:20) interprets the Bible, as guided by the Holy Spirit, (Mark 13:11) for the "sheep" (the faithful). The Church (not individuals) interpret Scripture. In Catholicism, Scripture is there for meditation, prayer and inspiration, not for individual interpretation to formulate doctrine or dogma.