This is incorrect. The doctrine of biblical inspiration and inerrancy extends only to the original manuscripts. If the above statement was true, we would have to accept translations such as the Jehovah's Witnesses' New World Translation, which mistranslates certain passages related to Christ's Deity, as "guided by God's hand."
Most translations are acceptable and strive to faithfully translate the best available Hebrew and Greek manuscripts, but we certainly must not claim that the translations themselves are inspired.
I don’t think you are picking up what I am putting down. When I say God guided the translations, I mean just that. If someone approached the task with malice in mind, God’s gift of free will certainly takes over.
But in general, God gave us an owner’s manual — I am certain He is involved (He is, after all, omniscient), in its distribution.
Are the translations literal and infallible? Certainly not. But that isn’t the correct question. The question is: “what does God want from His children?” Taken in its entirety, across the many translations (and re-translations and re-re-re-translations), the Bible answers that better than any other book extant.
Once we pass from this mortal coil, we can ask Him ourselves and maybe the larger picture will be made clear. How God works is a mystery to us all but much is revealed if we look with a good and open heart.
But maybe I am just a naive fool who thinks God loves us, wants us to be happy, and sent His Son to die for us so we could have eternal life.