The correct option is: "that only the Catholic Church had the authority to interpret the Bible"
The Council of Trent was an ecumenical council of the Catholic Church developed in discontinuous periods during twenty-five sessions between the years 1545 and 1563.
Although it did not manage to reunite the Christianity, the Council of Trento supposed for the Catholic Church a deep catharsis.
It was convened in response to the Protestant Reformation to clarify various doctrinal points. It also abolished the local eucharistic rites, respecting only those that had more than two centuries of antiquity (Mozarabic rite, Lyons rite, Ambrosian rite) and established the rite of the city of Rome known as Tridentine Mass, as a rite of the entire Latin church . From a doctrinal point of view, it is one of the most important and influential councils in the history of the Catholic Church.
On the other hand, the reform of ecclesiastical administration and discipline was addressed. The council eliminated many flagrant abuses, such as the sale of indulgences or the education of clerics, and forced the bishops to reside in their bishoprics, thereby preventing the accumulation of charges.