Answer:
The speed is constant.
Speed is a scalar quantity (magnitude only).
Velocity is a vector quantity (magnitude and direction).
For an object in Uniform Circular Motion the change in velocity is always
directed towards the center of the circle, and this change of velocity
gives rise to the acceleration which is directed towards the center of
rotation. This is called the centripetal acceleration, and it is the centripetal
force (for instance the attraction of the moon towards the earth) which
produces the centripetal acceleration.