First off, interpreted/compiled is not a property of the language but a property of the implementation. For most languages, most if not all implementations fall in one category, so one might save a few words saying the language is interpreted/compiled too, but it's still an important distinction, both because it aids understanding and because there are quite a few languages with usable implementations of both kinds (mostly in the realm of functional languages, see Haskell and ML). In addition, there are C interpreters and projects that attempt to compile a subset of Python to C or C++ code (and subsequently to machine code).
Second, compilation is not restricted to ahead-of-time compilation to native machine code. A compiler is, more generally, a program that converts a program in one programming language into a program in another programming language (arguably, you can even have a compiler with the same input and output language if significant transformations are applied). And JIT compilers compile to native machine code at runtime, which can give speed very close to or even better than ahead of time compilation (depending on the benchmark and the quality of the implementations compared).
But to stop nitpicking and answer the question you meant to ask: Practically (read: using a somewhat popular and mature implementation), Python is compiled. Not compiled to machine code ahead of time (i.e. "compiled" by the restricted and wrong, but alas common definition), "only" compiled to bytecode, but it's still compilation with at least some of the benefits. For example, the statement a = b.c() is compiled to a byte stream which, when "disassembled", looks somewhat like load 0 (b); load_str 'c'; get_attr; call_function 0; store 1 (a). This is a simplification, it's actually less readable and a bit more low-level - you can experiment with the standard library dis module and see what the real deal looks like. Interpreting this is faster than interpreting from a higher-level representation.
字节码要么被解释(请注意,在理论和实际性能上,直接解释和首先编译为一些中间表示并解释它之间存在差异),就像参考实现(CPython)一样,要么在运行时被解释并编译为优化的机器代码,就像PyPy一样。