You've misunderstood. The Catholic Church believes and accepts every single word of the Bible and promotes it all. It has to. In fact, it canonized and compiled the Scriptures into what we today call the Bible. Anyone who believes in the Bible, especially the Old Testament, has to believe in the Holy Spirit's ability to speak to the Catholic bishops that did this in the close of the 2nd century.
What the Church does not condone is Sola Scriptura. We'll get folks who disagree with this here, and at the risk of sparking yet another debate (let's refrain if we can), the Church believes it is a man-made tradition and ought to be rejected.
Yes, I can promise you that some will disagree! Me for one.
If we look back at actual history we can see that the doctrine of Sola Scriptura validated the source of God's truth to the Bible as its source of truth instead of a second hand source – fleshly understanding of the Bible for “church tradition”. The Bible as the source was not second hand information as opposed to the "tradition of mans information created by listening other men and passing on those comments and instruction, instead of listening to God and obeying Him.
The problem of "Tradition" being the basis for doctrine is the fact that it is second hand information. God is seeking those who will listen to Him and obey. When God speaks to us out of His Word, it is a living thing, for God’s words are spirit and are alive. They enter you and they affect the desired change in you. That is why the only way that one can be saved is by listening to and obeying God through the Holy Spirit. It is only God speaking to you and you accepting it that can change a man’s heart. Knowing good from evil does not change a man’s heart and the Word of God says that "when we know the truth we will be set free and then we will be free indeed".